Published on 7/26/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance upsizes to $17.9 million notes linked to GS Momentum Builder
By Wendy Van Sickle
Columbus, Ohio, July 26 – GS Finance Corp. upsized to $17.9 million its sale of 0% notes due July 24, 2020 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.43 times the index return. If the index return is negative or zero, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $17,895,000
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Maturity: | July 24, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.43 times any index gain; floor of par
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Initial index level: | 100.68
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Pricing date: | July 21 for $17,653,000, July 22 for $242,000
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Settlement date: | July 26
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Agent: | Goldman, Sachs & Co.
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Fees: | 0.5%
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Cusip: | 40054KFC5
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