Published on 2/14/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $10.65 million trigger jump notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 14 – GS Finance Corp. priced $10.65 million of 0% trigger jump securities due Feb. 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and 29.25%.
If the index falls by up to 10%, the payout will be par.
If the index finishes below its 90% downside threshold, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger jump securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $10,646,100
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| Maturity: | Feb. 5, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus greater of return and 29.25%; if index falls by up to 10%, par; otherwise, 1% loss for each 1% decline
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| Initial level: | 3,609.29
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| Downside threshold: | 3,248.361, 90% of initial level
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.675%
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| Cusip: | 36254F715
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