Published on 12/26/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $100,000 leveraged buffered notes on MSCI EAFE
By Sarah Lizee
Olympia, Wash., Dec. 26 – GS Finance Corp. priced $100,000 of 0% leveraged buffered index-linked notes due June 24, 2021 tied to the MSCI EAFE 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 two times the index return, capped at par plus 33%. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | MSCI EAFE index
|
Amount: | $100,000
|
Maturity: | June 24, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus two times index return, capped at par plus 33%; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
|
Initial index level: | 1,706.01
|
Pricing date: | Dec. 21
|
Settlement date: | Dec. 27
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 3.425%
|
Cusip: | 40056EJV1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.