E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/18/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $3.45 million leveraged buffered notes on Nasdaq-100

By Tali Rackner

Norfolk, Va., May 18 – GS Finance Corp. priced $3.45 million of 0% leveraged buffered notes due Sept. 21, 2017 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, up to a maximum settlement of $1,150 per $1,000 note.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% decline beyond 10%.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered notes
Underlying index:Nasdaq-100 index
Amount:$3.45 million
Maturity:Sept. 21, 2017
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 1.5 times the index gain, capped at $1,150; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
Initial index level:4,380.483
Pricing date:May 16
Settlement date:May 23
Underwriter:Goldman, Sachs & Co.
Fees:0.35%
Cusip:40054KCN4

© 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.