Published on 7/5/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.18 million of notes tied to GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., July 5 – GS Finance Corp. priced $2.18 million of index-linked notes due July 2, 2026 linked to the GS Momentum Builder Multi-Asset 5 ER index, 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 plus 3.5 times any index gain.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
|
| Amount: | $2,183,000
|
| Maturity: | July 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3.5 times any index gain, floor of par
|
| Initial index level: | 112.76
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 5.45%
|
| Cusip: | 40054KDF0
|
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