Published on 8/4/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.74 million index-linked notes tied to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Aug. 4 – GS Finance Corp. priced $4.74 million of 0% index-linked notes due July 29, 2022 linked to the Euro Stoxx 50 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 zero or positive, the payout at maturity will be the greater of (a) the threshold settlement amount of $1,600 per $1,000 principal amount and (b) par plus the index return.
Investors will receive par if the index falls by up to 30% and lose 1% for every 1% decline below the initial level if the index falls by more than 30%.
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: | Euro Stoxx 50
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Amount: | $4,735,000
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Maturity: | July 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, greater of (a) the threshold settlement amount of $1,600 per $1,000 principal amount and (b) par plus the index return; par if the index falls by up to 30%; 1% loss for every 1% decline below the initial level if the index falls by more than 30%
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Initial index level: | 3,491.19
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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: | 4.05%
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Cusip: | 40054LHP2
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