Published on 3/16/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $5 million return optimization notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., March 16 – Goldman Sachs Group, Inc. priced $5 million of 0% return optimization securities due Sept. 16, 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 three times the index return, subject to a maximum settlement amount of $12.65 per $10.00 principal amount of notes. If the index return is negative, investors will experience a loss proportionate to the index’s decline.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Return optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5 million
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Maturity: | Sept. 16, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any gain, capped at 26.5%; exposure to any losses
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Initial level: | 3,641.32
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Pricing date: | March 12
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Settlement date: | March 17
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Agent: | Goldman Sachs & Co.
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Fees: | 2.1%
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Cusip: | 38146U397
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