Published on 2/12/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.2 million one-year leveraged notes linked to S&P 500
By Susanna Moon
Chicago, Feb. 12 - Goldman Sachs Group, Inc. priced $5.2 million of 0% leveraged notes due Feb. 25, 2015 linked 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 double any index gain, up to a maximum return of $1,156 per $1,000 principal amount.
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: | $5,195,000
|
Maturity: | Feb. 25, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at 15.6%; exposure to any losses
|
Initial level: | 1,797.02
|
Pricing date: | Feb. 7
|
Settlement date: | Feb. 12
|
Underwriters: | Goldman Sachs & Co.
|
Fees: | 1.1%
|
Cusip: | 38147QKX3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.