Published on 3/26/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $6.16 million buffered PLUS tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., March 26 – GS Finance Corp. priced $6.16 million of 0% buffered Performance Leveraged Upside Securities due June 20, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 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 of $10 plus 140% of the index gain. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $6,155,760
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Maturity: | June 20, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 140% of index return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 3,437.40
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Pricing date: | March 16
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Settlement date: | March 21
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Underwriter: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.35%
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Cusip: | 36254G291
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