Published on 2/4/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $910,000 trigger notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 4 – GS Finance Corp. priced $910,000 of 0% trigger notes due Feb. 22, 2017 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 80% of the initial index level, the payout at maturity will be par of $1,000 plus 2.13 times the index return, subject to a maximum settlement amount of $1,170.40 and a floor of par.
If the final index level is less than 80% of the initial index level, investors will be fully exposed to the index’s decline from its initial level.
The index’s final level will be the average of its closing levels on the five trading days ending Feb. 17, 2017.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Trigger notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $910,000
|
Maturity: | Feb. 22, 2017
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If index finishes at or above 80% of the initial index level, par plus 2.13 times the index return, subject to a maximum settlement amount of $1,170.40 and a floor of par; otherwise, investors will be fully exposed to the index’s decline from its initial level
|
Initial index level: | 3,045.90
|
Final level: | Average of index closing levels on the five trading days ending Feb. 17, 2017
|
Pricing date: | Jan. 29
|
Settlement date: | Feb. 3
|
Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
|
Fees: | 1.1%
|
Cusip: | 40054CBS2
|
© 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.