Published on 3/12/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $95,000 notes due 2020 tied to Momentum Builder
By Marisa Wong
Morgantown, W.Va., March 12 – GS Finance Corp. priced $95,000 of 0% notes due Dec. 3, 2020 linked to the GS Momentum Builder Multi-Asset 5S ER 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 any index gain. Otherwise, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
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| Amount: | $95,000
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| Maturity: | Dec. 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; otherwise, par
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| Initial index level: | 106.54
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| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | Goldman Sachs & Co. LL
|
| Fees: | 0.925%
|
| Cusip: | 40055AHQ3
|
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