Published on 9/26/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.5 million leveraged notes linked to Russell 2000
By Jennifer Chiou
New York, Sept. 26 - Goldman Sachs Group, Inc. priced $1.5 million of 0% leveraged index-linked notes due Sept. 27, 2019 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The index performance will be measured on averaging dates occurring quarterly beginning on Dec. 24, 2013.
The payout at maturity will be par plus the greater of (a) 125% of the index return, capped at 70%, and (b) 5.5%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1.5 million
|
| Maturity: | Sept. 27, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of 125% of index return, capped at 70%, and 5.5%
|
| Initial index level: | 1,074.68
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 27
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.125%
|
| Cusip: | 38147QVJ2
|
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