Published on 2/7/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $9.08 million leveraged notes linked to MSCI EAFE
By Marisa Wong
Morgantown, W.Va., Feb. 7 – GS Finance Corp. priced $9.08 million of 0% leveraged index-linked notes due Feb. 15, 2019 tied to the MSCI EAFE 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 positive, the payout at maturity will be par plus 500% of the index return, subject to a maximum payment of $1,252.50 per $1,000 principal amount. Investors will be exposed to any losses.
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 index-linked notes
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Underlying index: | MSCI EAFE index
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Amount: | $9,075,000
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Maturity: | Feb. 15, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 500% of the index return, subject to maximum payment of $1,252.50 per $1,000 principal amount; exposure to losses
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Initial index level: | 1,732.38
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Pricing date: | Jan. 31
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Settlement date: | Feb. 7
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 1.675%
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Cusip: | 40054KVD5
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