Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.08 million leveraged buffered notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., May 29 – GS Finance Corp. priced $2.08 million of 0% leveraged buffered index-linked notes due June 21, 2019 tied 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 positive, the payout at maturity will be par plus 118% of the index return. Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline in the index beyond 15%.
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 index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,075,000
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Maturity: | June 21, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 118% of index return; par if index falls by up to 15%; 1.1765% loss for every 1% decline in index beyond 15%
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Initial index level: | 3,573.76
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Final level: | Average of closing levels on five trading days ending June 18, 2019
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Pricing date: | May 18
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Settlement date: | May 23
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 1.14%
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Cusip: | 40055Q7L0
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