Published on 5/14/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $500,000 leveraged buffered digital notes tied to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 14 – GS Finance Corp. priced $500,000 of 0% leveraged buffered digital index-linked notes due May 10, 2023 linked to 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 the greater of par plus 1.57 times the return of the worse performing index.
Investors will receive par if either index falls by up to 20% and will lose 1% for each 1% decline of the worse performing index beyond 20%.
Goldman Sachs Group, Inc. is the guarantor.
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: | Leveraged buffered digital notes
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| Underlying assets: | S&P 500 index and Russell 2000 index
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| Amount: | $500,000
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| Maturity: | May 10, 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 1.57 times the return of the worse performing index; if each index falls by no more than 20%, par; otherwise, 1% loss per 1% decline of worse performing index beyond 20%
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| Initial index levels: | 2,629.73 for S&P and 1,546.558 for Russell
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| Pricing date: | May 3
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| Settlement date: | May 8
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
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| Cusip: | 40055AZD2
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