Published on 4/27/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $818,000 leveraged buffered notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, April 27 – GS Finance Corp. priced $818,000 of 0% leveraged buffered notes due April 29, 2021 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 plus 105% of the index return. Investors will receive par if the index declines by 20% or less and will be exposed to any declines beyond 20%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $818,000
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Maturity: | April 29, 2021
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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 105% of index return; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
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Initial index level: | 2,087.79
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Pricing date: | April 25
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Settlement date: | April 28
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.85%
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Cusip: | 40054K7M2
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