Published on 11/2/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $878,000 principal-protected notes tied to the Dow
By Marisa Wong
Morgantown, W.Va., Nov. 2 – Goldman Sachs Group, Inc. priced $878,000 of 0% notes due Oct. 31, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,880 per $1,000 principal amount of notes.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $878,000
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| Maturity: | Oct. 31, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, up to 88% cap; floor of par
|
| Initial index level: | 17,623.05
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 38148TFV6
|
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