Published on 12/30/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $255,000 digital notes due 2019 on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – GS Finance Corp. priced $255,000 of 0% digital notes due Jan. 2, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to negative 10%, the payout at maturity will be the maximum settlement amount of $1,125 per $1,000 of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Digital notes
|
Underlying index: | Russell 2000
|
Amount: | $255,000
|
Maturity: | Jan. 2, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is greater than or equal to negative 10%, par plus 12.5%; otherwise, 1% loss for each 1% decline beyond 10%
|
Initial index level: | 1,377.707
|
Pricing date: | Dec. 27
|
Settlement date: | Dec. 30
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 2.925%
|
Cusip: | 40054KRV0
|
|
© 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.