Published on 7/6/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.6 million leveraged notes linked to index basket
By Marisa Wong
Morgantown, W.Va., July 6 – GS Finance Corp. priced $2.6 million of 0% leveraged notes due June 24, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 3 times any basket gain up to a 25.35% maximum return.
Investors will be fully exposed to any basket decline.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $2.6 million
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Maturity: | June 24, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any basket gain up to a 25.35% maximum return; full exposure to losses
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Initial index levels: | 3,441.60 for Euro Stoxx, 7,682.27 for FTSE, 1,744.83 for Topix, 8,616.56 for Swiss Market and 6,225.225 for S&P/ASX 200
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Pricing date: | June 22
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Settlement date: | June 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.85%
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Cusip: | 40055QG55
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