Published on 5/1/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $509,000 eight-year par protected notes tied to S&P 500
By Susanna Moon
Chicago, May 1 – GS Finance Corp. priced $509,000 of 0% notes due April 29, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $2,100 for each $1,000 principal amount.
If the index falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. 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 index: | S&P 500
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Amount: | $509,000
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Maturity: | April 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 210% of par and floor of par
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Initial level: | 2,634.56
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Pricing date: | April 24
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Settlement date: | April 27
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.4%
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Cusip: | 40055AW37
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