Published on 7/31/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $603,000 notes due 2021 on GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., July 31 – GS Finance Corp. priced $603,000 of 0% notes due April 29, 2021 linked to the GS Momentum Builder Multi-Asset 5S ER 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 any index gain. Otherwise, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
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| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $603,000
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| Maturity: | April 29, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Initial index level: | 103.61
|
| Pricing date: | July 24
|
| Settlement date: | July 27
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.75%
|
| Cusip: | 40054LL85
|
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