Published on 1/8/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $676,000 leveraged buffered notes tied to MSCI EAFE
By Sarah Lizee
Olympia, Wash., Jan. 8 – GS Finance Corp. priced $676,000 of 0% leveraged buffered notes due Jan. 11, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus two times any index gain, capped at par plus 43.25%.
Investors will receive par if the index falls by 20% or less and will lose 1.25% for every 1% decline in the index beyond 20%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $676,000
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Maturity: | Jan. 11, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus two times the gain, capped at par plus 43.25%; par if index falls by up to 20%; 1.25% loss for every 1% decline in index beyond 20%
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Initial index level: | 1,736.69
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Pricing date: | Jan. 4
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Settlement date: | Jan. 11
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Agents: | Goldman Sachs & Co.
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Fees: | 0.5%
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Cusip: | 40056ERJ9
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