Published on 11/21/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $25.44 million leveraged notes tied to index basket
By Sarah Lizee
Olympia, Wash., Nov. 21 – GS Finance Corp. priced $25.44 million of 0% leveraged notes due Nov. 18, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.705 times any basket gain.
Investors will receive par if the basket finishes flat or declines.
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 notes
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Underlying assets: | Euro Stoxx 50 index (36% weight), Topix index (27% weight), FTSE 100 index (20% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $25,437,000
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Maturity: | Nov. 18, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.705 times any basket gain; par if the basket finishes flat or declines
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Initial levels: | 3,190.31 for Euro Stoxx, 7,038.01 for FTSE, 1,638.97 for Topix, 8,870.03 for Swiss Market, 5,736.018 for S&P/ASX
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Pricing date: | Nov. 15
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Settlement date: | Nov. 20
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.475%
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Cusip: | 40056EGW2
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