Published on 8/8/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.26 million market-linked notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 8 – GS Finance Corp. priced $4.26 million of 0% market-linked notes due Aug. 5, 2025 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par of $10 plus 260% of the index return. Otherwise, the payout will be par.
Goldman, Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $4,262,500
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Maturity: | Aug. 5, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 260% of index return; otherwise, par
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Initial index level: | 3,525.49
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Pricing date: | July 31
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Settlement date: | Aug. 3
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Underwriter: | Goldman, Sachs & Co.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.9%
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Cusip: | 36255U232
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