Published on 4/6/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.67 million leveraged buffered notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., April 6 – GS Finance Corp. priced $1.67 million of 0% leveraged buffered notes due March 31, 2022 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 1.15 times the gain. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index 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: | Leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $1,665,000
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Maturity: | March 31, 2022
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.15 times any index gain; par if the index falls by up to 15%; 1% loss for every 1% decline in the index beyond 15%
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Initial level: | 2,358.57
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Pricing date: | March 28
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Settlement date: | March 31
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Agent: | Goldman, Sachs & Co.
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Fees: | 4.1%
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Cusip: | 40054KXT8
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