Published on 12/14/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $671,000 leveraged buffer notes due 2021 tied to MSCI EAFE
By Susanna Moon
Chicago, Dec. 14 – GS Finance Corp. priced $671,000 of 0% leveraged buffered notes due Nov. 30, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 143% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered notes
|
Underlying index: | MSCI EAFE
|
Amount: | $671,000
|
Maturity: | Nov. 30, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.43 times any index gain; par if index falls by up to 20%; otherwise, 1% loss per 1% decline beyond 20%
|
Initial level: | 1,799.77
|
Pricing date: | Nov. 27
|
Settlement date: | Nov. 30
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 3.65%
|
Cusip: | 40056ED39
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.