Published on 6/1/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $500,000 leveraged notes due 2024 tied to S&P 500
By Sarah Lizee
Olympia, Wash., June 1 – GS Finance Corp. priced $500,000 of 0% leveraged index-linked notes due June 5, 2024 tied to the S&P 500 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 1.65 times the index return.
Investors will lose 1% for every 1% decline in the index below its initial level.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $500,000
|
Maturity: | June 5, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 1.65 times the index return; 1% loss for every 1% decline in the index below its initial level
|
Initial index level: | 2,689.86
|
Pricing date: | May 29
|
Settlement date: | June 5
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 0.375%
|
Cusip: | 40055QAX0
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.