Published on 12/4/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $450,000 leveraged notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Dec. 4 – GS Finance Corp. priced $450,000 of 0% leveraged index-linked notes due Nov. 27, 2019 tied 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 index return is positive, the payout at maturity will be par plus 2.23 times the index return. Investors will be fully exposed to any index decline.
Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $450,000
|
Maturity: | Nov. 27, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 2.23 times index gain; full exposure to any index decline
|
Initial index level: | 3,562.65
|
Pricing date: | Nov. 22
|
Settlement date: | Nov. 28
|
Underwriter: | Goldman, Sachs & Co. with JPMorgan as placement agent
|
Fees: | 1.65%
|
Cusip: | 40055A4Y0
|
|
© 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.