Published on 9/11/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.77 million index-linked notes due 2025 on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Sept. 11 – GS Finance Corp. priced $2.77 million of 0% index-linked notes due Sept. 4, 2025 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to the initial index level, the payout at maturity will be par plus the gain.
Otherwise, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2,765,000
|
| Maturity: | Sept. 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to the initial index level, par plus index return; otherwise, par
|
| Initial index level: | 1,617.254
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 4
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.4%
|
| Cusip: | 40055QV58
|
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