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 4/17/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $3 million trigger notes on Stoxx Europe 600 index

By Marisa Wong

Morgantown, W.Va., April 17 – GS Finance Corp. priced $3 million of 0% trigger notes due July 5, 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.

If the index finishes at or above 85% of the initial level, the payout at maturity will be par plus 10%.

If the index finishes below 85% of the initial level, investors will lose 1% for each 1% decline below the initial level.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Trigger notes
Underlying index:Stoxx Europe 600
Amount:$3 million
Maturity:July 5, 2018
Coupon:0%
Price:Par of $1,000
Payout at maturity:If the index finishes at or above 85% trigger level, par plus 10%; otherwise, investors will lose 1% for each 1% decline below the initial level
Initial index level:381.14
Final level:Average of index closing levels on the five trading days ending June 29, 2018
Pricing date:March 31
Settlement date:April 5
Underwriter:Goldman, Sachs & Co. with JPMorgan as placement agent
Fees:1.22%
Cusip:40054L3L6

© 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.