Published on 10/5/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.29 million digital notes linked to Nasdaq-100
By Marisa Wong
Morgantown, W.Va., Oct. 5 – GS Finance Corp. priced $3.29 million of 0% digital notes due March 29, 2019 linked to the Nasdaq-100 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 at least negative 15%, the payout at maturity will be the maximum settlement amount of $1,070 per $1,000 principal amount. Otherwise, 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: | Digital notes
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Underlying index: | Nasdaq-100 index
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Amount: | $3,289,000
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Maturity: | March 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is at least negative 15%, par plus 7%; otherwise, 1% loss for every 1% decline in the index beyond 15%
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Initial index level: | 5,881.336
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Pricing date: | Sept. 26
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Settlement date: | Sept. 29
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.4%
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Cusip: | 40054LTZ7
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