Published on 6/20/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.08 million 5.4% notes linked to iShares MSCI EAFE, Russell 2000
By Angela McDaniels
Tacoma, Wash., June 20 – GS Finance Corp. priced $5.08 million of 5.4% fixed-coupon notes due Sept. 25, 2017 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlying component is greater than or equal to negative 27.5%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% that the lesser-performing underlying component declines beyond 27.5%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Fixed-coupon notes
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Underliers: | iShares MSCI EAFE ETF and Russell 2000 index
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Amount: | $5,075,000
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Maturity: | Sept. 25, 2017
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Coupon: | 5.4%, payable monthly
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Price: | Par
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Payout at maturity: | If return of each underlying component is greater than or equal to negative 27.5%, par; otherwise, 1.25% loss for every 1% that lesser-performing underlying component declines beyond 27.5%
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Initial levels: | 1,148.191 for index and $55.89 for ETF
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Pricing date: | June 16
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Settlement date: | June 23
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Agent: | Goldman Sachs & Co.
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Fees: | 0.1%
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Cusip: | 40054KEA0
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