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 7/6/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $190,000 of notes linked to GS Momentum Builder

By Marisa Wong

Morgantown, W.Va., July 6 – GS Finance Corp. priced $190,000 of index-linked notes due June 28, 2023 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.

If the index return is greater than 8.75%, the payout at maturity will be par plus 1.25 times the difference of the index return minus 8.75%.

If the index return is less than or equal to 8.75%, the payout will be par.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying index:GS Momentum Builder Multi-Asset 5 ER index
Amount:$190,000
Maturity:June 28, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.25 times any index gain in excess of 8.75%; par if index return is 8.75% or less
Initial index level:112.76
Pricing date:June 27
Settlement date:June 30
Agent:Goldman, Sachs & Co.
Fees:4.875%
Cusip:40054KDJ2

© 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.