Published on 2/9/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $17.83 million digital notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 9 – GS Finance Corp. priced $17.83 million of 0% digital notes due May 10, 2018 linked to the Euro Stoxx 50 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 the maximum settlement amount of $1,075 per $1,000 of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $17,829,000
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Maturity: | May 10, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 15%, par plus 7.5%; otherwise, 1.1765% loss for each 1% decline beyond 15%
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Initial level: | 3,235.71
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Pricing date: | Feb. 7
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Settlement date: | Feb. 14
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Agent: | Goldman Sachs & Co.
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Fees: | 0.92%
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Cusip: | 40054KWG7
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