Published on 7/18/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $840,000 leveraged trigger notes due 2020 on Stoxx 50
By Sarah Lizee
Olympia, Wash., July 18 – GS Finance Corp. priced $840,000 of 0% leveraged trigger notes due Jan. 15, 2020 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 final index level is greater than or equal to 70% of the initial index level, the payout at maturity will be par plus the greater of 1.225 times the index return and zero.
If the final index level is less than 70% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged trigger notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $840,000
|
| Maturity: | Jan. 15, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 70% of initial level, par plus greater of zero and 1.225 times index return; otherwise, par plus index return, with exposure to losses
|
| Initial index level: | 3,454.54
|
| Final level: | Average of closing levels on five trading days ending Jan. 10, 2020
|
| Pricing date: | July 13
|
| Settlement date: | July 18
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 40055QMP4
|
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