Published on 9/12/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $6.59 million notes due 2025 tied to Momentum Builder
By Marisa Wong
Morgantown, W.Va., Sept. 12 – GS Finance Corp. priced $6.59 million of 0% notes due June 2, 2025 linked to the GS Momentum Builder Multi-Asset 5S 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 3.35 times any index gain. If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
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| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
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| Amount: | $6,587,000
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| Maturity: | June 2, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3.55 times any index gain; otherwise, par
|
| Initial index level: | 106.36
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.415%
|
| Cusip: | 40055QR87
|
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