By Marisa Wong
Madison, Wis., Nov. 1 - Goldman Sachs Group, Inc. priced $7.48 million of 0% leveraged buffered basket-linked notes due May 18, 2015 tied to a basket of two unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the MSCI EAFE index with an 80% weight and the dollar value of the Euro Stoxx 50 index with a 20% weight.
The dollar value of the Euro Stoxx 50 index will be determined by multiplying the closing level of the index by the applicable exchange rate on that date.
The payout at maturity will be par plus 1.1 times any basket gain.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
The initial level of the MSCI EAFE index, 1,514.57, is higher than the actual closing level of the index at pricing, which was 1,512.14. Likewise, the initial level of the Euro Stoxx 50 index, 3,200.63, is higher than the closing level of the index at pricing, which was 3,198.94302.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered basket-linked notes
|
| Underlying indexes: | MSCI EAFE index (80% weight) and Euro Stoxx 50 (20% weight)
|
| Underlying currency: | Euro for the Euro Stoxx 50, converted into dollars
|
| Amount: | $7,484,000
|
| Maturity: | May 18, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times any basket gain; par if basket falls by up to 15%; 1.1765% loss for each 1% basket decline beyond 15%
|
| Initial levels: | 1,514.57 for MSCI EAFE and 3,200.63 for Euro Stoxx
|
| Initial exchange rate: | 1.2909 dollars/euro
|
| Pricing date: | Oct. 29
|
| Settlement date: | Nov. 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.975%
|
| Cusip: | 38147H288
|
© 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.
