Published on 7/3/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $671,000 notes due 2025 tied to GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., July 3 – GS Finance Corp. priced $671,000 of 0% notes due June 30, 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.
If the index return is positive, the payout at maturity will be par plus 3.2 times the index gain. Otherwise, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Notes
|
Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
|
Amount: | $671,000
|
Maturity: | June 30, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 3.2 times any index gain; otherwise, par
|
Initial index level: | 116.30
|
Pricing date: | June 23
|
Settlement date: | June 30
|
Agent: | Goldman Sachs & Co.
|
Fees: | 3.9%
|
Cusip: | 40054LGG3
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.