Published on 11/28/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $30.28 million market-linked notes on index basket
By Marisa Wong
Morgantown, W.Va., Nov. 28 – GS Finance Corp. priced $30.28 million of 0% market-linked notes due May 31, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is positive, the payout at maturity will be par plus 1.15 times the basket gain. If the basket finishes flat or falls, the payout will be par.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Basket market-linked notes
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Underlying basket: | Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
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Amount: | $30,278,000
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Maturity: | May 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 115% of any basket gain; par if basket finishes flat or falls
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Initial levels: | 3,547.46 for Euro Stoxx, 7,380.68 for FTSE, 22,396.80 for Nikkei, 9,183.61 for Swiss Market, 5,957.254 for S&P/ASX and 29,199.04 for Hang Seng
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Pricing date: | Nov. 17
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Settlement date | : | Nov. 22
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.85%
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Cusip: | 40055A3U9
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