Published on 6/1/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $998,000 index-linked notes tied to the Dow
By Marisa Wong
Morgantown, W.Va., June 1 – GS Finance Corp. priced $998,000 of 0% index-linked notes due May 30, 2025 tied to the Dow Jones industrial average, 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 positive, the payout at maturity will be par plus the index return, capped at 80%.
Investors will receive par if the index finishes flat or falls.
Goldman Sachs & Co. is the underwriter.
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: | Dow Jones industrial average
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Amount: | $998,000
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Maturity: | May 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the index return, capped at 80%; par if the index finishes flat or falls
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Initial index level: | 21,012.42
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Pricing date: | May 24
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Settlement date: | May 30
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.4%
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Cusip: | 40054LAQ7
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