Published on 3/5/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.52 million leveraged notes linked to S&P 500
By Susanna Moon
Chicago, March 5 - Goldman Sachs Group, Inc. priced $5.52 million of 0% leveraged notes due April 5, 2016 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 settlement amount of $1,234 for each $1,000 face 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: | $5.52 million
|
| Maturity: | April 5, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 23.4%; exposure to any losses
|
| Initial index level: | 1,859.45
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.675%
|
| Cusip: | 38148A308
|
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