Published on 11/2/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $440,000 eight-year index-linked notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 2 – GS Finance Corp. priced $440,000 of 0% index-linked notes due Oct. 29, 2026 tied to the S&P 500 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 the index return, capped at $2,350 per $1,000 principal amount. Investors will receive par if the index finishes flat or falls.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $440,000
|
Maturity: | Oct. 29, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at par plus 135%; par if index finishes flat or falls
|
Initial index level: | 2,658.69
|
Pricing date: | Oct. 26
|
Settlement date: | Oct. 31
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 4.4%
|
Cusip: | 40056E3F3
|
|
© 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.