Published on 10/16/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $281,000 notes due 2021 on Motif National Defense
By Wendy Van Sickle
Columbus, Ohio, Oct. 16 – GS Finance Corp. priced $281,000 of 0% autocallable notes due Oct. 1, 2021 linked to the Motif Capital National Defense 7 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 1.25 times any index gain. If the index falls, 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: | Motif Capital National Defense 7 ER index
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Amount: | $281,000
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Maturity: | Oct. 1, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of any index gain; if the index falls, par
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Initial level: | 10.58
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Pricing date: | Sept. 28
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Settlement date: | Oct. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.095%
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Cusip: | 40055QXT4
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