Published on 2/28/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.14 million leveraged notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 28 - Goldman Sachs Group, Inc. priced $1.14 million of 0% leveraged Euro Stoxx 50 index-linked notes due March 3, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.05 times the index return. Investors will receive par if the index return is zero or negative.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,138,000
|
| Maturity: | March 3, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 105% of index return; par if index stays flat or declines
|
| Initial index level: | 3,148.19
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 38147QHT6
|
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