Published on 6/21/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $346,000 of index-linked notes ties to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, June 21 – GS Finance Corp. priced $346,000 of 0% index-linked notes due June 24, 2022 tied to the Euro Stoxx 50 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 the index return.
If the index declines by up to 40%, the payout will be par plus the absolute underlier return. Otherwise, full exposure to index decline.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $346,000
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Maturity: | June 24, 2022
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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 the index return; if index falls by up to 40%, par plus absolute underlier return; otherwise, full exposure to index decline
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Initial index level: | 2,849.17
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Pricing date: | June 17
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Settlement date: | June 24
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Underwriters: | Goldman, Sachs & Co.
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Fees: | 3.625%
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Cusip: | 40054KDC7
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