Published on 5/27/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2 million of notes tied to GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., May 27 – GS Finance Corp. priced $2 million of 0% index-linked notes due June 9, 2023 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 2 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: | $1,995,000
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| Maturity: | June 9, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any index gain, floor of par
|
| Initial index level: | 108.97
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 4.9%
|
| Cusip: | 40054KBV7
|
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