Published on 8/25/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.33 million leveraged equity-linked notes on Disney
By Marisa Wong
Morgantown, W.Va., Aug. 25 – GS Finance Corp. priced $1.33 million of 0% leveraged equity-linked notes due Feb. 21, 2019 tied to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock return is positive, the payout at maturity will be par plus 300% of the stock gain, subject to a maximum return of 21.3%. If the stock finishes flat or falls, the payout will be par plus the stock return.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged equity-linked notes
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| Underlying stock: | Walt Disney Co. (Symbol: DIS)
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| Amount: | $1,325,000
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| Maturity: | Feb. 21, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock return is positive, par plus 300% of the stock gain, return capped at 21.3%; if stock return is zero or negative, par plus stock return
|
| Initial price: | $100.70
|
| Final price: | Average of closing prices on five trading days ending Feb. 15, 2019
|
| Pricing date: | Aug. 18
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| Settlement date: | Aug. 23
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.35%
|
| Cusip: | 40054LPT5
|
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