Published on 11/28/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $793,000 digital notes with trigger tied to index, fund
By Susanna Moon
Chicago, Nov. 28 – GS Finance Corp. priced $793,000 of 0% digital index-linked notes due May 24, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component finishes at or above its initial level, the payout at maturity will be the maximum settlement amount of $1,101 for each $1,000 principal amount.
Investors will receive par if either asset falls by up to 25% and will lose 1% for each 1% decline of the worse performing component if it finishes below the 75% trigger level.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital notes
|
| Underlying assets: | iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
|
| Amount: | $793,000
|
| Maturity: | May 24, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each component gains, par plus 10.1%; if each component falls by no more than 25%, par; otherwise, 1% loss per 1% decline of worse performing index or fund
|
| Initial levels: | 3,547.46 for index, $46.82 for fund
|
| Trigger levels: | 75% of initial levels
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.6%
|
| Cusip: | 40054LYN8
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
