Published on 4/15/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs sells $3.36 million digital notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, April 15 - Goldman Sachs Group, Inc. priced $3.36 million of 0% index-linked digital notes due May 16, 2017 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of any gain and the threshold settlement amount of $1,663 per $1,000 principal amount.
Otherwise, investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $3,358,000
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Maturity: | May 16, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index gains, par plus return, floor of 66.3%; otherwise, exposure to any losses
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Initial index level: | 2,674.33
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Pricing date: | April 11
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Settlement date: | April 18
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.3%
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Cusip: | 38147K794
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