Published on 2/26/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $3.71 million two-year leveraged notes tied to Euro Stoxx
By Marisa Wong
Madison, Wis., Feb. 26 - Goldman Sachs Group, Inc. priced $3.71 million of 0% leveraged notes due Feb. 29, 2016 linked to the Euro Stoxx 50 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 settlement amount of $1,336 for each $1,000 principal amount.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,713,000
|
| Maturity: | Feb. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 33.6%; exposure to any losses
|
| Initial level: | 3,157.31
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 3
|
| Underwriters: | Goldman Sachs & Co.
|
| Fees: | 1.65%
|
| Cusip: | 38148A266
|
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