Published on 2/8/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $8.68 million leveraged notes on Energy Select Sector
By Marisa Wong
Morgantown, W.Va., Feb. 8 – Goldman Sachs Group, Inc. priced $8.68 million of leveraged notes due Feb. 1, 2018 tied to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum payout of $1,453 per $1,000 of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged notes
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $8,677,000
|
| Maturity: | Feb. 1, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 45.3%; exposure to any losses
|
| Initial level: | $58.24
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.65%
|
| Cusip: | 38148TLN7
|
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