Published on 10/9/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.92 million digital notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Oct. 9 - Goldman Sachs Group, Inc. priced $2.92 million of 0% index-linked digital notes due April 10, 2015 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 90% of the initial level, investors will receive the maximum settlement amount of $1,121 per $1,000 principal amount.
If the index finishes below 90% of the initial level, investors will lose 1.1111% for every 1% loss beyond the 10% buffer.
The initial level and final level of the index will be adjusted to represent the dollar value of the index.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Digital index-linked notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2,915,000
|
Maturity: | April 10, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above 90% of initial level, $1,121 per $1,000 note; otherwise, 1.1111% loss for every 1% decline beyond 10% buffer
|
Initial level: | 3,967.003736 (dollar value on pricing date)
|
Initial exchange rate: | 1.35715
|
Buffer level: | 90% of initial level
|
Pricing date: | Oct. 7
|
Settlement date: | Oct. 15
|
Agent: | Goldman Sachs & Co.
|
Fees: | 1.2%
|
Cusip: | 38147T555
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.