Published on 8/1/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.96 million trigger step securities due 2022 on Stoxx
By Sarah Lizee
Olympia, Wash., Aug. 1 – GS Finance Corp. priced $4.96 million of 0% trigger step securities due July 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and 71%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
Goldman Sachs & Co. and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger step securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4,956,720
|
| Maturity: | July 29, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains or finishes flat, par plus greater of 71% and return; par if index falls by 25% or less; full exposure to losses if index finishes below downside threshold level
|
| Initial index level: | 3,527.18
|
| Downside threshold: | 2,645.39, 75% of initial level
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | 3.25%
|
| Cusip: | 36255U323
|
© 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.
