Published on 7/21/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.73 million 15-month PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., July 21 – GS Finance Corp. priced $3.73 million of 0% Performance Leveraged Upside Securities due Oct. 3, 2018 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 of $10 plus triple the index return, subject to a maximum payment of $11.221 per PLUS.
Investors will be fully exposed to losses.
Goldman Sachs & Co. LLC is the agent, with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $3,726,630
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Maturity: | Oct. 3, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par of $10 plus triple the index return, subject to a maximum payment of $11.221 per PLUS; full exposure to losses
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Initial level: | 2,423.41
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.35%
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Cusip: | 36253M125
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