Published on 6/5/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.67 million leveraged buffered notes linked to S&P MidCap
By Angela McDaniels
Tacoma, Wash., June 5 – GS Finance Corp. priced $1.67 million of 0% leveraged buffered notes due Feb. 6, 2019 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,127.50 per $1,000 principal amount of notes. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that the index may decline beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $1,665,000
|
| Maturity: | Feb. 6, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 150% of index return, subject to 12.75% maximum return; par if index falls by up to 15%; 1% loss for every 1% decline in index beyond 15%
|
| Initial index level: | 1,747.87
|
| Pricing date: | June 1
|
| Settlement date: | June 6
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.15%
|
| Cusip: | 40054LCX0
|
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