Published on 5/1/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $493,000 notes due 2025 tied to GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., May 1 – GS Finance Corp. priced $493,000 of 0% notes due April 28, 2025 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 3 times 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: | $493,000
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Maturity: | April 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain; par if index finishes flat or declines
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Initial index level: | 113.18
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Pricing date: | April 21
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Settlement date: | April 28
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Agent: | Goldman Sachs & Co.
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Fees: | 3.9%
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Cusip: | 40054L3Y8
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