E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/19/2016 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $2.62 million PLUS on Financial Select Sector SPDR

By Marisa Wong

Morgantown, W.Va., Aug. 19 – GS Finance Corp. priced $2.62 million of 0% Performance Leveraged Upside Securities due Dec. 5, 2017 linked to the Financial Select Sector SPDR fund, 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 of $10 plus 300% of any fund gain, up to a maximum return of 16.25%.

Investors will lose 1% for each 1% decline.

Goldman, Sachs & Co. is the agent with Morgan Stanley Wealth Management as dealer.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Performance Leveraged Upside Securities
Underlying fund:Financial Select Sector SPDR
Amount:$2,621,080
Maturity:Dec. 5, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 300% of index gain, subject to 16.25% maximum return; full exposure to any index decline
Initial level:$24.04
Pricing date:Aug. 17
Settlement date:Aug. 22
Agent:Goldman, Sachs & Co.
Dealer:Morgan Stanley Wealth Management
Fees:2.35%
Cusip:36250Y429

© 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.