Published on 7/8/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $6.44 million trigger notes due 2016 linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 8 – Goldman Sachs Group, Inc. priced $6.44 million of 0% trigger notes due July 19, 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 85% trigger level, the payout at maturity will be par plus the greater of zero and any index gain up to a maximum settlement amount of $1,200 for each $1,000 principal amount.
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: | $6,435,000
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Maturity: | July 19, 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 and capped at 20%; otherwise, par plus return with full exposure to any losses
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Initial level: | 3,463.25
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Trigger level: | 85% of initial level
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Pricing date: | July 2
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Settlement date: | July 8
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38148T7A1
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