E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/11/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $9.50 million buffered PLUS tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Dec. 11 – GS Finance Corp. priced $9,498,300 of 0% buffered Performance Leveraged Upside Securities due June 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 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 of $10 plus 200% of the index return, subject to a maximum return of 52%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$9,498,300
Maturity:June 3, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 200% of index return, up to 52% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:3,569.93
Pricing date:Nov. 30
Settlement date:Dec. 5
Underwriter:Goldman Sachs & Co. LLC
Dealer:Morgan Stanley Wealth Management
Fees:3.175%
Cusip:36254F418

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.