Published on 6/20/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $861,000 of leveraged buffered notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., June 20 – GS Finance Corp. priced $861,000 of 0% leveraged buffered index-linked notes due Sept. 20, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the worse performing index.
Investors will receive par if either index falls by up to 10% and will otherwise lose 1% for each 1% decline beyond 10%.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying assets: | S&P 500 index and Russell 2000 index
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| Amount: | $861,000
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| Maturity: | Sept. 20, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.5 times the return of the worse performing index; par if either index falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial index levels: | 2,779.66 for S&P and 1,683.908 for Russell
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.95%
|
| Cusip: | 40055QEW8
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