Published on 5/4/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $476,000 five-year leveraged trigger notes on Russell, S&P
By Susanna Moon
Chicago, May 4 – GS Finance Corp. priced $476,000 of 0% index-linked notes due April 28, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.3 times the gain of the worse performing index.
If either index falls but finishes at or above its 50% trigger level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $476,000
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| Maturity: | April 28, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.3 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: | 1,550.467 for Russell and 2,639.40 for S&P
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| Trigger levels: | 50% of initial levels
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.37%
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| Cusip: | 40055AW94
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