Published on 10/30/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $3.48 million one-year PLUS with cap tied to index basket
By Susanna Moon
Chicago, Oct. 30 – GS Finance Corp. priced $3.48 million of 0% Performance Leveraged Upside Securities due Nov. 21, 2019 linked to a basket consisting of the Russell 2000 index, the MSCI EAFE index and the S&P MidCap 400 index, equally weighted, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any basket gain, up to a maximum payment of $11.17 per $10.00 PLUS.
Investors will be exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Basket components: | Russell 2000 index, MSCI EAFE index and the S&P MidCap 400 index, equally weighted
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| Amount: | $3,480,560
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| Maturity: | Nov. 21, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any basket gain, capped at 11.7%; 1% loss per 1% decline
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| Initial levels: | 1,589.604 for Russell, 1,866.21 for EAFE and 1,913.42 for midcap
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 22
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.35%
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| Cusip: | 36256M338
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