Published on 12/14/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $816,000 trigger notes tied to S&P, Russell
By Susanna Moon
Chicago, Dec. 14 – GS Finance Corp. priced $816,000 of 0% notes due Dec. 5, 2022 linked to the lesser performing of the S&P 500 index and 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 each index finishes at or above its initial level, the payout at maturity will be par plus 1.55 times the gain of the worse performing index.
If either index finishes by up to 50% trigger level, the payout will be par.
Otherwise, investors will be exposed to any losses of the worse performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $816,000
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| Maturity: | Dec. 5, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If each index gains, par plus 1.55 times return of worse performing index; if either index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Initial levels: | 2,647.58 for S&P, 1,544.141 for Russell
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| Trigger levels: | 50% of initial levels
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.85%
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| Cusip: | 40055A2D8
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