Published on 7/31/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $61,000 leveraged index-linked notes on Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., July 31 – GS Finance Corp. priced $61,000 of 0% leveraged index-linked notes due Aug. 2, 2021 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.3 times the index return.
If the index declines, investors will receive the greater of the minimum settlement amount of $950 per $1,000 of notes and the sum of par plus the return.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $61,000
|
Maturity: | Aug. 2, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 1.3 times the index return; if index declines, greater of the minimum settlement amount of $950 per $1,000 of notes and the sum of par plus the return
|
Initial index level: | 3,509.26
|
Pricing date: | July 26
|
Settlement date: | July 31
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 3.5%
|
Cusip: | 40055QM66
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.