Published on 7/3/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.63 million digital notes tied to Stoxx Europe 600
By Marisa Wong
Morgantown, W.Va., July 3 – GS Finance Corp. priced $3.63 million of 0% digital notes due June 30, 2020 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be the maximum settlement amount of $1,503.50 per $1,000 principal amount.
Investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Digital notes
|
Underlying index: | Stoxx Europe 600
|
Amount: | $3,632,000
|
Maturity: | June 30, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is zero or positive, par plus 50.35%; otherwise, full exposure to any losses
|
Initial index level: | 387.62
|
Pricing date: | June 23
|
Settlement date: | June 30
|
Agent: | Goldman, Sachs & Co.
|
Fees: | 1.75%
|
Cusip: | 40054LDN1
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.