Published on 10/30/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.27 million eight-year par protected notes tied to Dow
By Susanna Moon
Chicago, Oct. 30 – GS Finance Corp. priced $1.27 million of 0% notes due Oct. 30, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a settlement amount of $1,850 for each $1,000 principal amount.
If the index falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying index: | Dow Jones industrial average
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Amount: | $1,272,000
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Maturity: | Oct. 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 85% and floor of par
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Initial level: | 23,329.46
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Pricing date: | Oct. 25
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Settlement date: | Oct. 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.4%
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Cusip: | 40054LUF9
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