Published on 6/30/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $25.58 million return optimization notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, June 30 – Goldman Sachs Group, Inc. priced $25.58 million of 0% return optimization securities due July 29, 2016 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 plus triple any index gain, up to a maximum settlement amount of $11.675 per $10.00 principal amount of notes.
Investors will be exposed to any losses.
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: | $25,578,750
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| Maturity: | July 29, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any index gain, capped at 16.75%; exposure to any losses
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| Initial level: | 3,621.37
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| Pricing date: | June 26
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| Settlement date: | June 30
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 2.1%
|
| Cusip: | 38148W623
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