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 9/9/2014 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.
Issue:Trigger notes
Underlying index:Euro Stoxx 50
Amount:$5,237,000
Maturity:March 9, 2016
Coupon:0%
Price:Par
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
Initial index level:3,275.25
Final index level:Average of index's closing levels on five trading days ending March 4, 2016
Pricing date:Sept. 5
Settlement date:Sept. 10
Underwriter:Goldman Sachs & Co.
Agent:J.P. Morgan Securities LLC
Fees:1.35%
Cusip:38147QGD2

© 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.