Published on 5/1/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $9.78 million market-linked notes tied to index basket
By Marisa Wong
Morgantown, W.Va., May 1 – GS Finance Corp. priced $9.78 million of 0% market-linked notes due Oct. 31, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 1.74 times any basket gain.
If the basket finishes flat or falls, the payout will be par.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes
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Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
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Amount: | $9,777,000
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Maturity: | Oct. 31, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 174% of any basket gain; par if basket finishes flat or falls
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Initial levels: | 3,506.03 for Stoxx, 7,421.43 for FTSE, 22,319.61 for Nikkei, 8,835.03 for Swiss, 5,910.772 for S&P/ASX and 30,007.68 for Hang Seng
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Pricing date: | April 26
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Settlement date: | April 30
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Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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Fees: | 3.85%
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Cusip: | 40055AW52
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