Published on 8/4/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.68 million trigger gears linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 4 – GS Finance Corp. priced $4.68 million of 0% trigger gears due July 29, 2022 tied 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 1.29 times the gain. Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline from the initial level if the index declines by more than 25%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Trigger gears
|
Underlying index: | S&P 500 index
|
Amount: | $4,683,590
|
Maturity: | July 29, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 1.29 times the gain; par if index declines by 25% or less; 1% loss for each 1% decline from initial level if index declines by more than 25%
|
Initial index level: | 2,477.83
|
Pricing date: | July 26
|
Settlement date: | July 31
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 3.8%
|
Cusip: | 36253M331
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.