GS prices GS Momentum index-linked notes; JPMorgan offers $6.58 million Stoxx Europe 600 notes

By Sheri Kasprzak

New York, Aug. 3 – It was another substantial day for structured products issues, headlined by an $11.21 million offering of notes from GS Finance Corp.

The issuer priced zero-coupon notes linked to the GS Momentum Builder Multi-Asset 5S ER index.

The notes, due Aug. 6, 2026, pay at maturity par plus 3.75 times the index return if the return is positive. If the index return is negative or zero, the payout is par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. was the agent for the notes.

JPMorgan prices autocallables

Elsewhere, JPMorgan Chase Financial Co. LLC offered $6.58 million of zero-coupon step-down trigger autocallable notes linked to the Stoxx Europe 600 Banks index.

The notes are due July 31, 2019 and will be automatically called at par plus a call return of 8.25% per year if the index closes at or above its initial level on Aug. 1, 2017 or July 27, 2018 or at or above the downside threshold, 60% of the initial level, on July 25, 2019, the final valuation date.

If the notes are not called, investors lose 1% for every 1% the index’s final level is less than its initial level.

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