Published on 3/21/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $10.64 million leveraged buffered index-linked notes linked to Euro Stoxx
New York, March 21 - Goldman Sachs Group, Inc. priced $10.64 million of 0% leveraged buffered index-linked notes due March 24, 2016 tied to the Euro Stoxx 50 index, 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 150% of the index return, subject to a maximum payment of $1,321.00 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | Euro Stoxx 50 Index
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Amount: | $10,637,000
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Maturity: | March 24, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of index return, subject to maximum payment of $1,321.00 per $1,000 principal amount; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
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Initial index level: | 4,279.062942
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Pricing date: | March 19
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Settlement date: | March 26
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Underwriters: | Goldman, Sachs & Co.
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Fees: | 1.65%
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Cusip: | 38148A530
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