Published on 1/13/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.07 million trigger notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 13 – GS Finance Corp. priced $2.07 million of 0% trigger notes due July 12, 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 74.5% trigger level, the payout at maturity will be par plus the greater of the index return and zero.
Otherwise, investors will be fully exposed to any loss.
Goldman Sachs & Co. and JPMorgan are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | 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: | $2.07 million
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Maturity: | July 12, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes at above trigger level, par plus greater of index return and zero; otherwise, full exposure to loss
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Initial index level: | 3,033.47
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Trigger level: | 74.5% of initial level
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Pricing date: | Jan. 8
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Settlement date: | Jan. 13
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Agents: | Goldman Sachs & Co. and JPMorgan
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Fees: | 1.35%
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Cusip: | 40054CAV6
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