Published on 11/6/2017 in the Prospect News Structured Products Daily.
New Issue: GS prices $7.98 million leveraged buffered notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Nov. 6 – GS Finance Corp. priced $7.98 million of 0% leveraged buffered notes due March 5, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum settlement amount of $1,285 per $1,000 principal amount of notes. Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% that the basket may decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying basket: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $7,983,000
|
| Maturity: | March 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 300% of basket return, subject to 28.5% maximum return; par if basket falls by up to 10%; 1.1111% loss for every 1% decline in basket beyond 10%
|
| Initial levels: | 3,697.40 for Euro Stoxx 50; 7,487.96 for FTSE 100; 1,786.71 for Topix; 9,267.82 for Swiss Market; and 5,937.766 for S&P/ASX 200
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 8
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.925%
|
| Cusip: | 40054LXV1
|
© 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.
