Published on 4/28/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.9 million notes linked to the GS Momentum Builder
By Devika Patel
Knoxville, Tenn., April 28 – GS Finance Corp. priced $1.9 million of 0% notes due April 30, 2026 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.
The payout at maturity will be par plus 375% of the index gain. If the return is negative or flat, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
|
| Amount: | $1,904,000
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| Maturity: | April 30, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 375% of the index gain, otherwise par
|
| Initial index level: | 109.09
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 5.45%
|
| Cusip: | 40054K7K6
|
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