Published on 4/27/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.26 million trigger notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., April 27 – GS Finance Corp. priced $3.26 million of 0% trigger notes due Aug. 2, 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 final index level is greater than or equal to 85% of the initial level, the payout at maturity will be par plus 8.8%.
Otherwise, investors will experience a loss proportionate to the index’s decline.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,262,000
|
| Maturity: | Aug. 2, 2017
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If final index level is greater than or equal to 85% of initial level, par plus 8.8%; otherwise, full exposure to index’s decline
|
| Initial index level: | 2,091.58
|
| Final level: | Average of closing levels on five trading days ending July 28, 2017
|
| Pricing date: | April 22
|
| Settlement date: | April 27
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.23%
|
| Cusip: | 40054KAW6
|
|
|
© 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.
