Published on 10/5/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.05 million 4% buffered notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., Oct. 5 – GS Finance Corp. priced $1.05 million of 4% fixed-coupon buffered notes due Sept. 29, 2022 linked 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.
The payout at maturity will be par unless the index finishes below 85% of the initial level, in which case investors will lose 1% for every 1% decline beyond 15%.
Goldman, Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Fixed-coupon buffered notes
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Underlying index: | Russell 2000
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Amount: | $1,045,000
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Maturity: | Sept. 29, 2022
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Coupon: | 4%
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Price: | Par
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Payout at maturity: | Par unless the index finishes below 85% of the initial level, in which case investors will lose 1% for every 1% decline beyond 15%
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Initial index level: | 1,456.863
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Pricing date: | Sept. 26
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Settlement date: | Sept. 29
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Agent: | Goldman, Sachs & Co.
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Fees: | 3.6%
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Cusip: | 40054LSC9
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