Published on 12/7/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $7.48 million notes linked to the GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., Dec. 7 – GS Finance Corp. priced $7.48 million of 0% notes due Nov. 28, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 2.4 times any index gain. If the return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $7,483,000
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Maturity: | Nov. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.4 times any index gain; if index falls or finishes flat, par
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Initial level: | 97.95
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Pricing date: | Nov. 22
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Settlement date: | Nov. 28
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Agent: | Goldman, Sachs & Co.
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Fees: | 4.65%
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Cusip: | 40054KNF9
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