Published on 9/4/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $4.44 million more leveraged buffered notes on Euro Stoxx
By Marisa Wong
Madison, Wis., Sept. 4 - Goldman Sachs Group, Inc. priced $4.44 million of additional 0% leveraged buffered notes due Aug. 23, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The company priced $21.98 million of the notes on Aug. 16 and another $3.72 million on Aug. 23. The total issue size is now $30.14 million.
The original notes priced at par, the initial add-on priced at 98.5, and the latest add-on priced at 95.85.
The payout at maturity will be par plus 1.8 times any index gain. Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $30,139,000, increased from $21,983,000
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Maturity: | Aug. 23, 2018
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Coupon: | 0%
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Price: | Par for original issue, 98.5 for first add-on, 95.85 for latest add-on
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Payout at maturity: | Par plus 180% of any index gain; par if index falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
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Initial index level: | 2,854.27
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Pricing dates: | Aug. 16 for original $21,983,000, Aug. 23 for $3,718,000 add-on, Aug. 30 for $4,438,000 add-on
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Settlement dates: | Aug. 23 for original issue, Aug. 30 for first add-on, Sept. 9 for latest add-on
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.42% for original issue, 1.115% for first add-on, 1.125% for second add-on
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Cusip: | 38147QNW2
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