Published on 1/29/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $331,000 of three-year digital notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – GS Finance Corp. priced $331,000 of 0% digital notes due Jan. 28, 2019 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above the 85% trigger level, the payout at maturity will be the maximum settlement amount of $1,160 per $1,000 principal amount.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. is the underwriter.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Russell 2000
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Amount: | $331,000
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Maturity: | Jan. 28, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 15%, $1,160 per $1,000 of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 1,002.747
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Pricing date: | Jan. 27
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Settlement date: | Jan. 29
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Agent: | Goldman, Sachs & Co.
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Fees: | 3.65%
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Cusip: | 40054CAL8
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