Published on 12/1/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $8.69 million 14-month capped gears with 3x leverage on index basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – GS Finance Corp. priced $8.69 million of 0% capped gears due Jan. 31, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum gain of 16.4%.
Investors will be exposed to any losses.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Capped gears
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Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight) Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
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Amount: | $8,690,300
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Maturity: | Jan. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any basket gain, up to a maximum gain of 16.4%; full exposure to losses
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Initial levels: | 3,583.49 for Euro Stoxx; 7,460.65 for FTSE; 22,486.24 for Nikkei; 9,320.44 for Swiss Market; 5,984.252 for S&P/ASX; 29,680.85 for Hang Seng
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Distributor: | Goldman Sachs & Co. LLC
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Fees: | 2.1%
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Cusip: | 36254F327
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