Published on 7/3/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2 million leveraged notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., July 3 – GS Finance Corp. priced $2 million of 0% leveraged index-linked notes due July 9, 2019 tied 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 positive, the payout at maturity will be par plus 212% of the index return. Investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2 million
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| Maturity: | July 9, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 212% of any index gain; full exposure to any losses
|
| Initial index level: | 3,441.60
|
| Pricing date: | June 22
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| Settlement date: | June 29
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.91%
|
| Cusip: | 40055QH62
|
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