Published on 11/12/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $7.3 million 0% 10-year trigger gears linked to Stoxx 50
By Susanna Moon
Chicago, Nov. 12 – GS Finance Corp. priced $7.3 million of 0% trigger gears due Oct. 31, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the 3.858 times the gain.
If the index falls by up to the 65% downside threshold level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The guarantor is Goldman Sachs Group, Inc.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger gears
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| Underlying asset: | Euro Stoxx 50 index
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| Amount: | $7,298,270
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| Maturity: | Oct. 31, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 3.858 times the return; if index falls by up to 35%, par; otherwise, 1% loss per 1% decline
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| Initial level: | 3,154.93
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| Trigger level: | 2,050.70, 65% of initial level
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| Pricing date: | Oct. 29
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| Settlement date: | Oct. 31
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| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co. LLC
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| Fees: | 5.45%
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| Cusip: | 36256M221
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