Published on 6/12/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $10.56 million buffered digital notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., June 12 – GS Finance Corp. priced $10.56 million of 0% buffered digital notes due June 3, 2020 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 final index level is greater than or equal to the initial index level, the payout at maturity will be the greater of the threshold settlement amount, $1,325 per $1,000 of notes, and par plus the index return.
Investors will receive par if the index declines by 10% or less and will lose 1.1111% for each 1% decline beyond the 10% buffer.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $10,558,000
|
| Maturity: | June 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than or equal to the initial index level, greater of $1,325 per $1,000 of notes and par plus the index return; par if the index declines by 10% or less; 1.1111% loss for each 1% decline beyond the 10% buffer
|
| Initial index level: | 3,561.22
|
| Pricing date: | May 30
|
| Settlement date: | June 6
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.125%
|
| Cusip: | 40054LDQ4
|
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