Published on 7/6/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.63 million leveraged buffered notes on index basket
By Marisa Wong
Morgantown, W.Va., July 6 – GS Finance Corp. priced $2.63 million of 0% leveraged buffered notes due June 24, 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.
The payout at maturity will be par plus 2 times any basket gain up to a 27% maximum return.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% basket decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
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 indexes: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $2,625,000
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Maturity: | June 24, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any basket gain up to a 27% maximum return; par if basket falls by up to 20%; otherwise, 1.25% loss for each 1% loss beyond 20%
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Initial index levels: | 3,441.60 for Euro Stoxx, 7,682.27 for FTSE, 1,744.83 for Topix, 8,616.56 for Swiss Market and 6,225.225 for S&P/ASX 200
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Pricing date: | June 22
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Settlement date: | June 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.65%
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Cusip: | 40055QFT4
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