Published on 4/21/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $13.39 million trigger notes due 2016 linked to Euro Stoxx 50
By Susanna Moon
Chicago, April 21 – Goldman Sachs Group, Inc. priced $13.39 million of 0% trigger notes due Oct. 26, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 81.25% trigger level, the payout at maturity will be par plus the greater of zero and any index gain.
Otherwise, the payout will be par plus the index return, with full exposure to any losses.
Goldman Sachs & Co. is the underwriter.
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: | $13,393,000
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Maturity: | Oct. 26, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above trigger level, par plus any index gain, floor of par; otherwise, par plus return with full exposure to any losses
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Initial level: | 3,674.05
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Trigger level: | 81.25% of initial level
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Pricing date: | April 17
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Settlement date: | April 22
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.4%
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Cusip: | 38147QZ74
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