Published on 8/1/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $837,000 index-linked notes tied to the Dow
By Marisa Wong
Morgantown, W.Va., Aug. 1 – GS Finance Corp. priced $837,000 of 0% index-linked notes due July 30, 2025 linked 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, subject to a maximum settlement amount of $1,800 per $1,000 principal amount.
If the index return is zero or negative, 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: | Index-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $837,000
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Maturity: | July 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 80%; if index finishes flat or falls, par
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Initial index level: | 21,613.43
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Pricing date: | July 25
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Settlement date: | July 28
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 4.4%
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Cusip: | 40054LHJ6
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