E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/8/2018 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.58 million trigger PLUS linked to MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, May 8 – GS Finance Corp. priced $2.58 million of 0% trigger Performance Leveraged Upside Securities due May 2, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 172% of the index return. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:Goldman Sachs Group, Inc.
Guarantor:GS Finance Corp.
Issue:Trigger Performance Leveraged Upside Securities
Underlying index:MSCI EAFE
Amount:$2,580,900
Maturity:May 2, 2023
Coupon:0%
Price:Par of $10.00
Payout at maturity:If index return is positive, par plus 172% of return; par if final index level is less than or equal to initial level but greater than trigger level; full exposure to index’s decline from initial level if final level is less than trigger level
Initial level:2,042.83
Trigger level:1,532.1225, 75% of initial level
Pricing date:April 27
Settlement date:May 2
Agent:Goldman Sachs & Co. LLC
Fees:3.85%
Cusip:36254G481

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.