Published on 12/30/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1 million index-linked notes tied to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – GS Finance Corp. priced $1 million of 0% notes due Dec. 27, 2019 linked to 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 the return of each index is positive, the payout at maturity be par plus the return of lesser performing index up to a maximum settlement amount of $1,171 per $1,000 note. Otherwise, the payout will be par.
Goldman Sachs & Co. is the agent.
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 and Russell 2000
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Amount: | $1 million
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Maturity: | Dec. 27, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index positive, par plus return of lesser performing index, capped at $1,171 per $1,000 note; otherwise, par
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Initial index levels: | 2,260.96 for S&P, 1,362.659 for Russell
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.425%
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Cusip: | 40054KSG2
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