Published on 3/2/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.30 million index-linked notes due 2025 on Stoxx 50
By Marisa Wong
Morgantown, W.Va., March 2 – GS Finance Corp. priced $1,303,000 of 0% index-linked notes due Feb. 27, 2025 linked to the Euro Stoxx 50 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 1.55 times the index gain.
If the index finishes flat or falls, the payout will be par.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,303,000
|
| Maturity: | Feb. 27, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.55 times gain; par if index finishes flat or falls
|
| Initial index level: | 3,431.99
|
| Pricing date: | Feb. 22
|
| Settlement date: | Feb. 27
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 4.45%
|
| Cusip: | 40055AK89
|
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