Published on 2/13/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.8 million leveraged notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 13 - Goldman Sachs Group, Inc. priced $2.8 million of 0% leveraged notes due March 16, 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 triple any index gain, up to a maximum payout of $1,129 per $1,000 principal amount. Investors will be exposed to any index decline.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,799,000
|
| Maturity: | March 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, subject to 12.9% maximum return; exposure to any index decline
|
| Initial index level: | 1,819.75
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 19
|
| Underwriters: | Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38148A175
|
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