Published on 3/16/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $787,000 leveraged trigger notes tied to S&P 500, Russell
By Susanna Moon
Chicago, March 15 – GS Finance Corp. priced $787,000 of 0% notes due March 3, 2023 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the worse performing index.
If either index falls but finishes at or above its 50% barrier level, the payout 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: | S&P 500, Russell 2000
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| Amount: | $787,000
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| Maturity: | March 3, 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 1.5 times the return of worse performing index; if either index falls by up to 50%, par; otherwise, full exposure to any losses of worse performing index
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| Initial levels: | 1,512.446 for Russell, 2,713.83 for S&P
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| Trigger levels: | 50% of initial levels
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| Pricing date: | Feb. 28
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| Settlement date: | March 5
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
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| Cusip: | 40055AJ32
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