Published on 5/15/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $4.06 million leveraged buffered notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, May 15 – GS Finance Corp. priced $4.06 million of 0% leveraged buffered notes due July 13, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 3 times any basket gain up to a 42.3% maximum return.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% basket decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying indexes: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $4.06 million
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Maturity: | July 13, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any basket gain up to a 42.3% maximum return; par if basket falls by up to 10%; otherwise, 1.1111% loss for each 1% loss beyond 10%
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Initial index levels: | 3,569.74 for Euro Stoxx 50; 7,662.52 for FTSE 100; 1,772.91 for Topix; 8,984.1 for Swiss Market; 6,108.024 for S&P/ASX 200
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Pricing date: | May 9
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Settlement date: | May 16
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.675%
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Cusip: | 40055Q6H0
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