Published on 4/4/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $6.2 million PLUS linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 4 – GS Finance Corp. priced $6.2 million of 0% Performance Leveraged Upside Securities due July 6, 2017 linked 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 of $10 plus 300% of the index return, subject to a maximum return of 14.55%. Investors will be exposed to losses if the index declines.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is a dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $6,195,580
|
| Maturity: | July 6, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 14.55%; full exposure to any index decline
|
| Initial index level: | 2,059.74
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 36250E555
|
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