E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/6/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $15.9 million leveraged notes linked to S&P Banks

By Angela McDaniels

Tacoma, Wash., Sept. 6 – GS Finance Corp. priced $15.9 million of 0% leveraged notes due Sept. 7, 2018 linked to the S&P Banks Select Industry 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 two times the index return, subject to a maximum return of 40.2%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:S&P Banks Select Industry
Amount:$15.9 million
Maturity:Sept. 7, 2018
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus two times index return, up to 40.2% maximum return; otherwise, full exposure to index’s decline
Initial index level:744.22
Pricing date:Sept. 1
Settlement date:Sept. 9
Agent:Goldman Sachs & Co.
Fees:1.65%
Cusip:40054KJ56

© 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.