Published on 10/15/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.61 million digital equity-linked notes on three stocks
By Sarah Lizee
Olympia, Wash., Oct. 15 – GS Finance Corp. priced $1.61 million of 0% digital equity-linked notes due Oct. 18, 2019 linked to the least performing of the shares of Activision Blizzard, Inc., Canada Goose Holdings Inc. and Whirlpool Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If each stock finishes at or above its 65% threshold, the payout at maturity will be par plus 26%.
Otherwise investors will be fully exposed to any losses of the least performing stock.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital equity-linked notes
|
| Underlying stocks: | Activision Blizzard, Inc., Canada Goose Holdings Inc. and Whirlpool Corp.
|
| Amount: | $1,605,000
|
| Maturity: | Oct. 18, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above its 65% threshold, par plus 26%; otherwise investors will be fully exposed to any losses of the least performing stock
|
| Initial levels: | $77.63 for Activision, $54.29 for Canada Goose and $112.56 for Whirlpool
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 17
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.35%
|
| Cusip: | 40056EAM0
|
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