Published on 10/25/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.44 million notes linked to GS Momentum Builder
By Angela McDaniels
Tacoma, Wash., Oct. 25 – GS Finance Corp. priced $2.44 million of 0% notes due Oct. 30, 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.
If the index return is positive, the payout at maturity will be par plus two times the index return. If the index return is negative or zero, 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: | $2,442,000
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Maturity: | Oct. 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any index gain; par if index remains flat or decline
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Initial index level: | 114.25
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Pricing date: | Oct. 21
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Settlement date: | Oct. 28
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Agent: | Goldman Sachs & Co.
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Fees: | 3.9%
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Cusip: | 40054KLJ3
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