Published on 7/31/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $537,000 five-year leveraged buffered notes on S&P 500
By Susanna Moon
Chicago, July 31 – GS Finance Corp. priced $537,000 of 0% leveraged buffered notes due July 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.21 times any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $537,000
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Maturity: | July 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.21 times any index gain; par if index falls by up to 15%; otherwise, 1% loss per 1% decline beyond 15%
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Initial level: | 2,837.44
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Pricing date: | July 26
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Settlement date: | July 31
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.05%
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Cusip: | 40055QJ94
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