Published on 8/4/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.39 million 4.25% buffered notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., Aug. 4 – GS Finance Corp. priced $4.39 million of 4.25% buffered index-linked notes due July 31, 2022 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
If the index return is at least negative 15%, the payout at maturity will be par. Investors will lose 1% for every 1% decline in the index beyond 15%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Fixed-coupon buffered index-linked notes
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Underlying index: | Russell 2000 index
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Amount: | $4,394,000
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Maturity: | July 31, 2022
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Coupon: | 4.25%, payable quarterly
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Price: | Par
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Payout at maturity: | If index return is at least negative 15%, par; 1% loss for every 1% decline in index beyond 15%
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Initial index level: | 1,442.279
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Pricing date: | July 26
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Settlement date: | July 31
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 3.6%
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Cusip: | 40054LHQ0
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