Published on 3/30/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $11.09 million notes linked to GS Momentum Builder
By Angela McDaniels
Tacoma, Wash., March 30 – GS Finance Corp. priced $11.09 million of 0% notes due March 31, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER 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 200% of the index return. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $11.09 million
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Maturity: | March 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return; if index return is zero or negative, par
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Initial index level: | 108.34
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Pricing date: | March 28
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Settlement date: | March 31
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Underwriters: | Goldman Sachs & Co.
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Fees: | 4.425%
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Cusip: | 40054K4R4
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