Published on 8/14/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $1 million seven-year leveraged notes with 95% floor on indexes
By Susanna Moon
Chicago, Aug. 14 – GS Finance Corp. priced $1 million of 0% notes due Aug. 13, 2025 linked to the lesser performing of the an equally weighted basket consisting of the S&P 500 index, the Nikkei 225 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket closes at or above is initial level, the payout at maturity will be par plus double the gain.
If the basket falls, the payout will be par plus the return with a minimum payout of $900 per $1,000 principal amount.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC 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 basket: | S&P 500 index, Euro Stoxx 50 index and Nikkei 225 index, equally weighted
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| Amount: | $1 million
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| Maturity: | Aug. 13, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any basket gain; if index falls, par plus the return with floor of 90% of par
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| Initial levels: | 2,850.40 for S&P, 3,483.30 for Stoxx and 22,507.32 for Nikkei
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| Pricing date: | Aug. 6
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| Settlement date: | Aug. 9
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.9%
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| Cusip: | 40055QSU7
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