Published on 7/5/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $22.24 million index-linked trigger notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 5 – GS Finance Corp. priced $22.24 million of 0% index-linked trigger notes due July 6, 2021 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Goldman Sachs Group, Inc. guarantees the notes.
If the final index level is equal to or greater than 70% of the initial level, the payout at maturity will be par plus the greater of 2.09 times the index return and zero.
Otherwise, investors will receive par plus the index return, with full exposure to the index decline.
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 trigger notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $22,238,000
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Maturity: | July 6, 2021
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If final index level is at or above trigger level, par plus 2.09 times index return, with a floor of par; otherwise, par with full exposure to any losses
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Initial index level: | 3,441.88
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Trigger level: | 70% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.8%
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Cusip: | 40054LHF4
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