Published on 2/20/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.73 million index-linked notes on Russell, MSCI EAFE
By Marisa Wong
Morgantown, W.Va., Feb. 20 – GS Finance Corp. priced $2.73 million of 5.85% index-linked notes due March 19, 2019 linked to the lesser performing of the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
If the return of each index is at least negative 20%, the payout at maturity will be par.
If either index falls by more than 20%, investors will lose 1.25% for every 1% decline of the worse performing index beyond 20%.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | Russell 2000, MSCI EAFE
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| Amount: | $2,725,000
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| Maturity: | March 19, 2019
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| Coupon: | 5.85%, payable monthly
|
| Price: | Par
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| Payout at maturity: | If the return of each index is at least negative 20%, par; if either index falls by more than 20%, 1.25% loss for every 1% decline of the worse performing index beyond 20%
|
| Initial index levels: | 1,522.096 for Russell and 2,033.83 for MSCI EAFE
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 40055AMC8
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