Published on 7/10/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.78 million underlier-linked notes on index, ETF
By Marisa Wong
Morgantown, W.Va., July 10 – GS Finance Corp. priced $1.78 million of 0% underlier-linked notes due Dec. 30, 2021 linked to the Russell 2000 index and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is zero or positive, the payout at maturity will be par plus 5 times the return of the lesser performer, capped at par plus 35%.
If the return of each underlier is negative but greater than or equal to negative 30%, the payout will be par plus the absolute value of the return of the lesser performer.
If either underlier falls by more than 30%, investors will be fully exposed to the decline of the lesser performer.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
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| Underlying assets: | Russell 2000 index, Invesco QQQ Trust, Series 1
|
| Amount: | $1,778,000
|
| Maturity: | Dec. 30, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each underlier is zero or positive, par plus 5 times the return of the lesser performer, capped at par plus 35%; if the return of each underlier is negative but greater than or equal to negative 30%, par plus the absolute value of the return of the lesser performer; if either underlier falls by more than 30%, full exposure to the decline of the lesser performer
|
| Initial levels: | 1,657.510 for index and $171.37 for ETF
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1%
|
| Cusip: | 40055QHC9
|
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