Published on 9/20/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $720,000 index-linked notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 20 – GS Finance Corp. priced $720,000 of 0% index-linked notes due Sept. 8, 2025 tied to the S&P 500 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 the index gain. Investors will receive par if the index finishes flat or falls.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying index: | S&P 500
|
| Amount: | $720,000
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| Maturity: | Sept. 8, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus gain; par if index finishes flat or falls
|
| Initial level: | 2,901.13
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 4
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.4%
|
| Cusip: | 40055QTG7
|
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