Published on 8/30/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $22.22 million notes linked to GS Momentum Builder
By Susanna Moon
Chicago, Aug. 30 – GS Finance Corp. priced $22.22 million of notes due June 1, 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.
The payout at maturity will be par plus double any index gain.
If the index falls, 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: | Notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $22,215,000
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Maturity: | June 1, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, floor of par
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Initial level: | 100.37
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Goldman, Sachs & Co.
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Fees: | 4.375%
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Cusip: | 40054KGL4
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