Published on 4/21/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $645,000 leveraged equity-linked notes linked to EOG Resources
By Toni Weeks
San Luis Obispo, Calif., April 21 – Goldman Sachs Group, Inc. priced $645,000 of 0% leveraged equity-linked notes due May 4, 2016 linked to the common stock of EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the share price, subject to a maximum settlement amount of $1,266 for each $1,000 of notes.
Investors will be fully exposed to any share price decline.
The final share price will be the average of the share prices on the five trading days ending April 29, 2016.
Goldman, Sachs & Co. and J.P. Morgan Securities LLC are the agents.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged equity-linked notes
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Underlying stock: | EOG Resources, Inc. (NYSE: EOG)
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Amount: | $645,000
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Maturity: | May 4, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain in the share price, with maximum payout of $1,266 per $1,000 of notes; full exposure to any share price decline
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Initial share price: | $97.23
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Pricing date: | April 17
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Settlement date: | April 22
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Agents: | Goldman, Sachs & Co. and J.P. Morgan Securities LLC
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Fees: | 1.1%
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Cusip: | 38147QZB5
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