Published on 12/26/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $3.08 million buffered digital notes tied to Russell 2000
By Susanna Moon
Chicago, Dec. 26 – GS Finance Corp. priced $3.08 million of 0% buffered digital index-linked notes due June 5, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be the maximum settlement amount of $1,130.5 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered digital notes
|
Underlying asset: | Russell 2000 index
|
Amount: | $3,078,000
|
Maturity: | June 5, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 13.05%; if each index falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
|
Initial level: | 1,516.117
|
Pricing date: | Dec. 12
|
Settlement date: | Dec. 15
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.6%
|
Cusip: | 40055AB97
|
|
|
|
|
© 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.