Published on 8/2/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $26.95 million two-year leveraged notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 2 - Goldman Sachs Group, Inc. priced $26.95 million of 0% leveraged index-linked notes due Aug. 5, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum payment of $1,246 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $26,954,000
|
| Maturity: | Aug. 5, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 24.6%; exposure to any losses
|
| Initial index level: | 1,685.73
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.65%
|
| Cusip: | 38147T175
|
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