Published on 9/4/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1 million notes linked to S&P 500, Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 4 – Goldman Sachs Group, Inc. priced $1 million of 0% notes due Sept. 7, 2022 linked to a basket composed of the S&P 500 index and the Euro Stoxx 50 index with equal weights, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus 80% of the basket return. If the basket return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying indexes: | S&P 500 and Euro Stoxx 50, equally weighted
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Amount: | $1 million
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Maturity: | Sept. 7, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 80% of basket return; if basket return is zero or negative, par
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Initial index levels: | 1,913.85 for S&P 500 and 3,188.73 for Euro Stoxx 50
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Pricing date: | Sept. 2
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Settlement date: | Sept. 8
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.375%
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Cusip: | 38148TDE6
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