Published on 9/9/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $5.24 million trigger notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 9 – Goldman Sachs Group, Inc. priced $5.24 million of 0% trigger 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 final index level, which is the average of the index’s closing levels on the five trading days ending March 4, 2016, is greater than or equal to 83.75% of the initial index level, the payout at maturity will be par plus the greater of the index return and zero.
If the final index level is less than 83.75% of the initial index level, investors will lose 1% for every 1% that the final level is less than the initial level.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | Euro Stoxx 50
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Amount: | $5,237,000
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Maturity: | March 9, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to 83.75% of initial index level, par plus greater of index return and zero; otherwise, full exposure to index’s decline
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Initial index level: | 3,275.25
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Final index level: | Average of index's closing levels on five trading days ending March 4, 2016
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Pricing date: | Sept. 5
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Settlement date: | Sept. 10
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Underwriter: | Goldman Sachs & Co.
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.35%
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Cusip: | 38147QGD2
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