Published on 1/5/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $7.13 million buffered digital notes linked to Stoxx 50
By Susanna Moon
Chicago, Jan. 5 – Goldman Sachs Group, Inc. priced $7.13 million of 0% buffered digital notes due Jan. 10, 2018 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, the payout at maturity will be the maximum settlement amount of $1,222 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.
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Issue: | Buffered digital index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $7,132,000
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Maturity: | Jan. 10, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 22.2%; par if index falls by up to 10%; 1.1111% loss per 1% decline beyond 10%
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Initial level: | 3,287.98
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Barrier level: | 90% of initial level
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Pricing date: | Dec. 30
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Settlement date: | Jan. 7
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Agent: | Goldman Sachs & Co.
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Fees: | 1.675%
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Cusip: | 38148TKW8
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