E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/28/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $7.11 million trigger performance securities tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., Feb. 28 - Goldman Sachs Group, Inc. priced $7.11 million of 0% trigger performance securities due Feb. 28, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 185.41% of the index return.

Investors will receive par if the index falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.

Goldman Sachs & Co. is the agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Trigger performance securities
Underlying index:Euro Stoxx 50
Amount:$7,105,550
Maturity:Feb. 28, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 185.41% of any index gain; par if index falls by 25% or less; full exposure to losses if index finishes below trigger level
Initial index level:3,148.19
Trigger level:2,361.14, 75% of initial level
Pricing date:Feb. 26
Settlement date:Feb. 28
Agent:Goldman Sachs & Co.
Fees:3.85%
Cusip:38148A126

© 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.