Published on 7/3/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $3.76 million digital notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., July 3 - Goldman Sachs Group, Inc. priced $3.76 million of 0% index-linked digital notes due Jan. 7, 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 85% of the initial level, investors will receive the maximum settlement amount of $1,107.50 per $1,000 principal amount.
If the index finishes below 85% of the initial level, investors will lose 1.1765% for every 1% loss beyond the 15% buffer.
The initial index level of 3,425.68317 is lower than the actual closing level of the index at pricing, which was 3,426.19077.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $3,764,000
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Maturity: | Jan. 7, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 85% of initial level, $1,107.50 per $1,000 note; otherwise, 1.1765% loss for every 1% decline beyond 15% buffer
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Initial level: | 3,425.68317
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Buffer level: | 85% of initial level
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Pricing date: | July 1
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Settlement date: | July 9
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Agent: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38147M584
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