Published on 4/30/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.83 million digital notes due 2019 on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., April 30 – GS Finance Corp. priced $5.83 million of 0% digital notes due Oct. 23, 2019 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 zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,130 per $1,000 principal amount, and par plus the index return.
If the index return is negative but not below negative 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline in the index below the initial level.
Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $5,825,000
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| Maturity: | Oct. 23, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index return is zero or positive, par plus greater of 13% and index return; if index return is negative but not below negative 30%, par; otherwise, 1% loss for every 1% decline in the index below the initial level
|
| Initial index level: | 3,494.20
|
| Pricing date: | April 20
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| Settlement date: | April 25
|
| Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 40055AYG6
|
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