Published on 10/6/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.64 million trigger notes due 2018 linked to S&P 500
By Susanna Moon
Chicago, Oct. 6 – GS Finance Corp. priced $2.64 million of 0% index-linked trigger notes due Jan. 4, 2018 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the 85% threshold, the payout at maturity will be par plus 8.2%.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter.
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: | $2,638,000
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Maturity: | Jan. 4, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes at or above trigger level, par plus 8.2%; otherwise, full exposure to any losses
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Initial level: | 2,168.27
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Trigger level: | 85% of initial index level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.22%
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Cusip: | 40054KL53
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