Published on 5/4/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $455,000 capped notes linked to the Dow
By Marisa Wong
Morgantown, W.Va., May 4 – GS Finance Corp. priced $455,000 of 0% notes due April 29, 2025 tied to the Dow Jones industrial average, 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 the index return, capped at 85%.
If the index return is zero or negative, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
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: | Dow Jones industrial average
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Amount: | $455,000
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Maturity: | April 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus index return, capped at 85%; otherwise, par
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Initial index level: | 20,763.89
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Pricing date: | April 24
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Settlement date: | April 27
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 4.4%
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Cusip: | 40054L3U6
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