Published on 4/19/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $551,880 PLUS linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., April 19 – GS Finance Corp. priced $551,880 of 0% Performance Leveraged Upside Securities due Aug. 3, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 18.3%. Investors will be exposed to losses if the index declines.
Goldman Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $551,880
|
| Maturity: | Aug. 3, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 18.3%; full exposure to any index decline
|
| Initial index level: | 1,130.923
|
| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Underwriter: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 36250E662
|
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