Published on 9/17/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $338,000 index-linked notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 17 – GS Finance Corp. priced $338,000 of 0% index-linked notes due Sept. 3, 2024 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 plus 205% of the index gain. If the index return is zero or negative, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $338,000
|
| Maturity: | Sept. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 205% of index gain; otherwise, par
|
| Initial index level: | 3,447.57
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 4.455%
|
| Cusip: | 40055QPC0
|
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