Published on 4/5/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $28.06 million digital notes linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., April 5 – GS Finance Corp. priced $28.06 million of 0% digital notes due April 4, 2019 linked to the Russell 2000 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 at least negative 15%, the payout at maturity will be the threshold settlement amount of $1,120.50 per $1,000 of notes. Investors will lose 1.1765% for each 1% decline 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: | Russell 2000
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Amount: | $28,055,000
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Maturity: | April 4, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index return at least negative 15%, par plus 12.05%; 1.1765% loss for each 1% decline beyond 15%
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Initial level: | 1,369.668
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Pricing date: | April 3
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Settlement date: | April 10
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Agent: | Goldman Sachs & Co.
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Fees: | 1.35%
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Cusip: | 40054KZH2
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