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 9/4/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $3.76 million buffered notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Sept. 4 – Goldman Sachs Group, Inc. priced $3.76 million of 0% buffered notes due March 9, 2016 linked 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 the index return, subject to a maximum settlement amount of $1,183 per $1,000 principal amount of notes. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Buffered notes
Underlying index:Euro Stoxx 50
Amount:$3,755,000
Maturity:March 9, 2016
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus index return, subject to maximum payout of $1,183 per $1,000 of notes; par if index falls by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:3,180.29
Pricing date:Sept. 2
Settlement date:Sept. 9
Underwriter:Goldman Sachs & Co.
Fees:0.4%
Cusip:38147QFY7

© 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.