Published on 11/14/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $6.38 million market-linked notes tied to index basket
By Sarah Lizee
Olympia, Wash., Nov. 14 – GS Finance Corp. priced $6.38 million of 0% market-linked notes due July 28, 2022 linked to an equally-weight basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index, the S&P 500 index and the Topix index, each with a 33.33% weight.
The payout at maturity will be par plus any basket gain.
If the basket finishes flat or falls, the payout will be par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked notes
|
| Underlying basket: | Euro Stoxx 50 index, S&P 500 index and Topix index, each with 33.33% weight
|
| Amount: | $6,378,170
|
| Maturity: | July 28, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain; par if basket finishes flat or falls
|
| Initial levels: | 3,229.49 for Stoxx, 2,781.01 for S&P, 1,672.98 for Topix
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 15
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.25%
|
| Cusip: | 36256M502
|
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