Published on 6/23/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.67 million digital notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 23 – GS Finance Corp. priced $4.67 million of 0% digital notes due July 26, 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 index return is greater than or equal to negative 15%, the payout at maturity will be $1,063 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Digital notes
|
Underlying index: | S&P 500
|
Amount: | $4,667,000
|
Maturity: | July 26, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is greater than or equal to negative 15%, $1,063 per $1,000 principal amount of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
|
Initial index level: | 2,088.90
|
Pricing date: | June 21
|
Settlement date: | June 24
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 0.35%
|
Cusip: | 40054KE51
|
|
© 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.