Published on 1/10/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.9 million trigger notes on Stoxx Europe 600 index
By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – GS Finance Corp. priced $3.9 million of 0% trigger notes due July 11, 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 the greater of par plus the return and par if the index finishes at or above the 71% buffer level.
If the index finishes below 71% of the initial index, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger notes
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| Underlying index: | Stoxx Europe 600
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| Amount: | $3.9 million
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| Maturity: | July 11, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index finishes above the 71% buffer level, the greater of par plus the return and par; otherwise, 1% loss for each 1% decline
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| Initial index level: | 365.45
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| Final level: | Average of index closing levels on the five trading days ending July 6, 2018
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| Pricing date: | Jan. 6
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| Settlement date: | Jan. 11
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 1.4%
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| Cusip: | 40054KTR7
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