Published on 12/29/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $4.5 million 5.3% fixed-coupon notes tied to index, fund
By Susanna Moon
Chicago, Dec. 29 – GS Finance Corp. priced $4.5 million of 5.3% fixed-coupon securities due April 25, 2019 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The payout at maturity will be par unless either asset falls by more than 17.5%, in which case investors will lose 1.2121% for each 1% loss of the worse performing index or fund beyond 17.5%.
The agent is Goldman Sachs & Co. LLC.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Fixed-coupon securities
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Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
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Amount: | $4.5 million
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Maturity: | April 25, 2019
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Contingent payment: | 5.3%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless either asset falls by more than 17.5%, in which case 1.2121% loss for each 1% loss of worse performing index or fund beyond 17.5%
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Initial levels: | 1,536.75 for Russell, $69.80 for fund, closing levels on Dec. 19
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Contingent buffer: | 17.5%
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Pricing date: | Dec. 20
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Settlement date: | Dec. 26
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.1%
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Cusip: | 40055ABZ9
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