Published on 6/14/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.26 million leveraged buffered notes linked to Stoxx Europe 600
By Angela McDaniels
Tacoma, Wash., June 14 – GS Finance Corp. priced $3.26 million of 0% leveraged buffered notes due June 28, 2017 linked to the Stoxx Europe 600 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 200% of the index return, subject to a maximum return of 12.75%. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying index: | Stoxx Europe 600
|
| Amount: | $3,255,000
|
| Maturity: | June 28, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 200% of index return, up to 12.75% maximum return; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
|
| Initial index level: | 332.92
|
| Final index level: | Average of index’s closing levels on five trading days ending June 23, 2017
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Underwriter: | Goldman Sachs & Co.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 40054KDZ6
|
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