Published on 1/14/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.41 million leveraged notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Jan. 14 - Goldman Sachs Group, Inc. priced $2.41 million of 0% leveraged index-linked notes due Jan. 28, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of $1,143 per $1,000 of notes.
Investors will be fully exposed to any decline in the index.
The final index level will be the average of the closing index levels on five averaging dates ending Jan. 23, 2015.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500
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Amount: | $2,405,000
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Maturity: | Jan. 28, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of the index return, subject to maximum payment of $1,143 per $1,000 of notes; full exposure to any losses
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Initial index level: | 1,842.37
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Pricing date: | Jan. 10
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Settlement date: | Jan. 15
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Underwriter: | Goldman Sachs & Co.
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.1%
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Cusip: | 38147QCP9
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