Published on 6/20/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.09 million leveraged buffered notes on Dow, S&P
By Sarah Lizee
Olympia, Wash., June 20 – GS Finance Corp. priced $1.09 million of 0% leveraged buffered index-linked notes due Dec. 18, 2020 linked to the Dow Jones Industrial Average 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 1.1 times the return of the worse performing index.
Investors will receive par if either index falls by up to 25% and will otherwise lose 1.3333% for each 1% decline of the worse performing index.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying assets: | S&P 500 index and Dow Jones Industrial Average
|
| Amount: | $1,094,000
|
| Maturity: | Dec. 18, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.1 times the return of the worse performing index; par if either index falls by up to 25%; 1.3333% loss for each 1% decline of the worse performing index beyond 25%
|
| Initial index levels: | 2,779.66 for S&P and 25,090.48 for Dow
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.875%
|
| Cusip: | 40055QEX6
|
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