Published on 2/1/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.16 million eight-year index-linked notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 1 – GS Finance Corp. priced $1,161,000 of 0% index-linked notes due Jan. 29, 2026 linked to the S&P 500 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 positive, the payout at maturity will be par plus the index gain, capped at 82%.
If the index return is zero or negative, the payout will be par.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
|
| Amount: | $1,161,000
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| Maturity: | Jan. 29, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus gain, capped at 82%; if index finishes flat or falls, par
|
| Initial index level: | 2,839.25
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 4.4%
|
| Cusip: | 40055ACW5
|
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