Published on 7/12/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $708,000 of trigger notes linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, July 12 – GS Finance Corp. priced $708,000 of 0% trigger notes due Oct. 18, 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 final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus 8.75%.
Otherwise, investors will be fully exposed to the decline in the index.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | S&P 500
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Amount: | $708,000
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Maturity: | Oct. 18, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to 85% of the initial index level, par plus 8.75%; otherwise, full exposure to index decline
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Initial index level: | 2,129.90
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Final level: | Average of index closing levels on the five trading days ending Oct. 13, 2017
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Pricing date: | July 8
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Settlement date: | July 13
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Agent: | Goldman, Sachs & Co.
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Fees: | 1.22%
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Cusip: | 40054KFU5
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