Published on 5/1/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.17 million trigger notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 1 – GS Finance Corp. priced $2.17 million of 0% trigger notes due July 25, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus 11.51%. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,168,000
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Maturity: | July 25, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to 85% of initial index level, par plus 11.51%; otherwise, 1% loss for every 1% that final index level is less than initial index level
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Initial index level: | 3,440.27
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Final level: | Average of closing levels on five averaging dates ending July 20, 2018
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Pricing date: | April 21
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Settlement date: | April 26
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Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.22%
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Cusip: | 40054L7E8
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