Published on 7/17/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $850,550 PLUS due 2019 tied to S&P MidCap 400 index
By Sarah Lizee
Olympia, Wash., July 17 – GS Finance Corp. priced $850,550 of 0% Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the S&P MidCap 400 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 of $10 plus 300% of the index return, capped at $11.365 per PLUS. Investors will be fully exposed to any index decline.
Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $850,550
|
| Maturity: | Nov. 5, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 300% of index return, capped at $11.365 per PLUS; full exposure to losses
|
| Initial level: | 1,996.35
|
| Pricing date: | July 13
|
| Settlement date: | July 18
|
| Underwriter: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 36255U240
|
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