Published on 2/23/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $60 million notes on Stoxx Europe 600 EUR Net Return
By Marisa Wong
Morgantown, W.Va., Feb. 23 – GS Finance Corp. priced $60 million of 0% notes due Feb. 26, 2019 linked to the Stoxx Europe 600 EUR Net Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus the index return, with full exposure to any index decline.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | Stoxx Europe 600 EUR Net Return index
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| Amount: | $60 million
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| Maturity: | Feb. 26, 2019
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| Coupon: | 0%
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| Price: | 96.92
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| Payout at maturity: | Par plus index return, with full exposure to any index decline
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| Initial level: | 737.65, set lower than index closing level on pricing date of 742.34
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 28
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.52%
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| Cusip: | 40054KXA9
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