Published on 2/26/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.85 million buffered notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Feb. 26 - Goldman Sachs Group, Inc. priced $1.85 million of 0% buffered notes due Oct. 27, 2014 linked to the Euro Stoxx 50 index, converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The index's closing level on the pricing date was converted into dollars using an exchange rate of 1.3172 dollars per euro, which is higher than the actual 1.3162 exchange rate on the pricing date, and then increased by the calculation agent, resulting in an initial index level of 3,472.08. The actual adjusted closing level was 3,461.67. The final index level will be converted into dollars at the exchange rate then in effect.
If the index return is greater than or equal to zero, the payout at maturity will be par plus the index return, subject to a minimum return of 10% and a maximum return of 31%. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% that it declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered notes
|
| Underlying index: | Euro Stoxx 50 index, converted into dollars
|
| Amount: | $1,845,000
|
| Maturity: | Oct. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to zero, par plus index return, subject to 10% minimum return and 31% maximum return; par if index falls by up to 15%; 1.1765% loss for each 1% that it declines beyond 15%
|
| Initial index level: | 3,472.08
|
| Initial rate: | 1.3172
|
| Pricing date: | Feb. 22
|
| Settlement date: | March 1
|
| Underwriters: | Goldman Sachs & Co.
|
| Fees: | 1.6%
|
| Cusip: | 38147K455
|
© 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.
