Published on 10/12/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.87 million 5.05% notes on Russell 2000, MSCI EAFE
By Marisa Wong
Morgantown, W.Va., Oct. 12 – GS Finance Corp. priced $5.87 million of fixed-coupon notes due Feb. 7, 2019 linked to the lesser performing of the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a fixed coupon of $4.2083 per $1,000 principal amount.
The payout at maturity will be par unless either index falls by more than 17.5%, in which case investors will lose 1.2121% for every 1% decline of the lesser performing index beyond 17.5%.
Goldman, Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Fixed-coupon notes
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Underlying indexes: | Russell 2000, MSCI EAFE
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Amount: | $5.87 million
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Maturity: | Feb. 7, 2019
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Coupon: | Monthly coupon of $4.2083 per $1,000 principal amount (about 5.05% per year)
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Price: | Par
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Payout at maturity: | Par unless either index falls by more than 17.5%, in which case 1.2121% loss for every 1% decline of the lesser performing index beyond 17.5%
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Initial levels: | 1,511.967 for Russell, 1,977.90 for MSCI EAFE
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Pricing date: | Oct. 3
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Settlement date: | Oct. 6
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 0.1%
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Cusip: | 40054LWD2
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