Published on 2/12/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $3.26 million more leveraged buffered notes on Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., Feb. 12 - Goldman Sachs Group, Inc. priced $3.26 million of additional 0% leveraged buffered notes due Aug. 23, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The company priced, $21.98 million of the notes on Aug. 16, $3.72 million on Aug. 23, $4.44 million on Aug. 30, $2.78 million on Sept. 27 and $585,000 on Oct. 18. The total issue size is now $36.76 million.
The original notes priced at par, the first add-on priced at 98.5, the second add-on priced at 95.85, the third add-on priced at 102.9, the fourth add-on priced at 109.1, and the fifth add-on priced at 105.2.
The payout at maturity will be par plus 1.8 times any index gain. Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $36,763,000, increased from $21,983,000
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Maturity: | Aug. 23, 2018
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Coupon: | 0%
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Price: | Par for original issue; 98.5 for first add-on; 95.85 for second add-on; 102.9 for third add-on; 109.1 for fourth add-on; 105.2 for fifth add-on
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Payout at maturity: | Par plus 180% of any index gain; par if index falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 2,854.27
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Pricing dates: | Aug. 16 for original $21,983,000; Aug. 23 for $3,718,000 add-on; Aug. 30 for $4,438,000 add-on; Sept. 27 for $2,777,000 add-on; Oct. 18 for $585,000 add-on; Feb. 10 for $3,262,000 add-on
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Settlement dates: | Aug. 23 for original issue; Aug. 30 for first add-on; Sept. 9 for second add-on; Oct. 4 for third add-on; Oct. 25 for fourth add-on; Feb. 18 for fifth add-on
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.42% for original issue; 1.115% for first add-on; 1.125% for second add-on; 0.91% for third add-on; 0.76% for fourth add-on; 0.3% for fifth add-on
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Cusip: | 38147QNW2
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