E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/28/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $3.25 million leveraged index-linked notes on S&P 500

By Jennifer Chiou

New York, March 28 - Goldman Sachs Group, Inc. priced $3.25 million of 0% leveraged index-linked notes due Dec. 29, 2017 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at or above 75% of the initial level, the payout at maturity will be par plus 124% of the index return, subject to a minimum payment of par.

Otherwise, investors will share fully in losses.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:S&P 500
Amount:$3.25 million
Maturity:Dec. 29, 2017
Coupon:0%
Price:Par
Payout at maturity:If final index level is at or above 75% of the initial level, par plus 124% of index return, subject to floor of par; otherwise, full exposure to losses
Initial index level:1,852.56
Pricing date:March 26
Settlement date:March 31
Underwriters:Goldman, Sachs & Co.
Fees:3%
Cusip:38147QUB0

© 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.