Published on 4/28/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $408,000 1.25% notes tied to GS Momentum Builder index
By Devika Patel
Knoxville, Tenn., April 28 – GS Finance Corp. priced $408,000 of 1.25% notes due April 27, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable annually.
If the index return is greater than 8.75%, the payout at maturity will be par plus 125% times the difference of the index return minus 8.75%. Otherwise, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $408,000
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Maturity: | April 27, 2023
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Coupon: | 1.25%, payable annually
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Price: | Par
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Payout at maturity: | If index return is greater than 8.75%, par plus 125% of difference of index gain minus 8.75%; otherwise par
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Initial index level: | 109.09
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Pricing date: | April 26
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Settlement date: | April 29
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Agent: | Goldman, Sachs & Co.
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Fees: | 4.875%
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Cusip: | 40054KAB2
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