Published on 6/2/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $12.31 million trigger performance notes on Euro Stoxx 50
By Susanna Moon
Chicago, June 2 – Goldman Sachs Group, Inc. priced $12.31 million of 0% trigger performance securities due May 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.29 times any gain in the index.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.
Goldman Sachs & Co. is the agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $12,312,800
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Maturity: | May 29, 2020
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 129% of any index gain; par if index falls by up to 40%; otherwise, full exposure to any losses
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Initial index level: | 3,682.87
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Trigger level: | 2,209.72, 60% of initial level
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Pricing date: | May 27
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Settlement date: | May 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.85%
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Cusip: | 38148W276
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