Published on 12/9/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $10.9 million five-year capped gears tied to Russell 2000
By Susanna Moon
Chicago, Dec. 9 – GS Finance Corp. priced $10.92 million of 0% capped gears due Jan. 31, 2018 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.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum settlement amount of $11.75 for each $10 principal amount.
Investors will be exposed to any losses.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Capped gears
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| Underlying index: | Russell 2000
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| Amount: | $10,917,870
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| Maturity: | Jan. 31, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 3 times any index gain, capped at 17.5%; exposure to any losses
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| Initial index level: | 1,329.828
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 2.1%
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| Cusip: | 36251U160
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