Published on 6/16/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.36 million buffered digital notes tied to Euro Stoxx
By Susanna Moon
Chicago, June 16 – Goldman Sachs Group, Inc. priced $5.36 million of 0% buffered digital notes due July 26, 2017 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 initial level, the payout at maturity will be the maximum settlement amount of $1,200 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Buffered digital index-linked notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $5,364,000
|
Maturity: | July 26, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above initial level, par plus 20%; if index falls by up to 10%, par; otherwise, 1.1111% loss for every 1% decline beyond 10%
|
Initial level: | 3,502.77
|
Buffer level: | 90% of initial level
|
Pricing date: | June 12
|
Settlement date: | June 19
|
Agent: | Goldman Sachs & Co.
|
Fees: | 1.675%
|
Cusip: | 38148T5K1
|
|
|
© 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.