Published on 7/31/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.01 million seven-year notes on GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., July 31 – GS Finance Corp. priced $2.01 million of 0% notes due July 30, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER 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 3.1 times any index gain. Otherwise, the payout will be par.
Goldman Sachs & Co. is the agent.
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: | GS Momentum Builder Multi-Asset 5S ER index
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Amount: | $2,011,000
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Maturity: | July 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3.1 times any index gain; otherwise, par
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Initial index level: | 103.38
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Pricing date: | July 25
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Settlement date: | July 28
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Agent: | Goldman Sachs & Co.
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Fees: | 3.65%
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Cusip: | 40054LLF9
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