Published on 12/6/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.51 million trigger notes tied to Stoxx Europe 600
By Devika Patel
Knoxville, Tenn., Dec. 6 – GS Finance Corp. priced $1.51 million of 0% trigger notes due June 6, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus the return if the index return is positive. The payout will be par if the index finishes below its initial level but at or above the 70% buffer level.
If the index finishes below 70% of the initial index, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger notes
|
| Underlying index: | Stoxx Europe 600
|
| Amount: | $1,506,000
|
| Maturity: | June 6, 2018
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index level is positive, par plus return; par if the index falls by up to 30%; otherwise, 1% loss for each 1% decline
|
| Initial index level: | 339.36
|
| Final level: | Average of index closing levels on the five trading days ending June 1, 2018
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 7
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 1.35%
|
| Cusip: | 40054KQA7
|
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