Published on 2/3/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $487,000 leveraged buffered notes linked to S&P 500
By Tali Rackner
Norfolk, Va., Feb. 3 – GS Finance Corp. priced $487,000 of 0% leveraged buffered notes due Jan. 31, 2019 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 positive, the payout at maturity will be par plus double the index return, subject to a maximum payout of $1,195 per $1,000 of notes.
Investors will receive par if the index declines by up to 10% and will lose 1% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $487,000
|
| Maturity: | Jan. 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus double the return, subject to $1,195 maximum settlement amount; par if index falls by up to 10%; exposure to decline in index beyond 10%
|
| Initial index level: | 2,296.68
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.175%
|
| Cusip: | 40054KSZ0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| https://www.sec.gov/Archives/edgar/data/886982/000119312517023238/d331777d424b2.htm
|
|
|
|
|
|
|
|
|
|
|
© 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.
