Published on 2/26/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $16.54 million digital notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Feb. 26 – GS Finance Corp. priced $16.54 million of 0% digital notes due Feb. 24, 2022 linked to the Euro Stoxx 50 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 zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,734 per $1,000 principal amount, and par plus the index return.
Otherwise, investors will be fully exposed to losses.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $16,544,000
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Maturity: | Feb. 24, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, par plus greater of 73.4% and index return; otherwise, full exposure to losses
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Initial index level: | 3,435.08
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Pricing date: | Feb. 20
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Settlement date: | Feb. 27
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 2.85%
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Cusip: | 40055AG27
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