Published on 6/17/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.05 million 2% notes tied to GS Momentum Builder
By Susanna Moon
Chicago, June 17 – GS Finance Corp. priced $1.05 million of 2% index-linked notes due June 15, 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 14%, the payout at maturity will be par plus the return minus 14%.
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: | $1,053,000
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Maturity: | June 15, 2023
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Coupon: | 2%, payable annually
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Price: | Par
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Payout at maturity: | If index return is greater than 14%, par plus the return minus 14%; otherwise, par
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Initial level: | 111.3
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Pricing date: | June 14
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Settlement date: | June 17
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Agent: | Goldman, Sachs & Co.
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Fees: | 1.625%
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Cusip: | 40054KDV5
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