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.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500
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Amount: | $3.25 million
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Maturity: | Dec. 29, 2017
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Coupon: | 0%
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Price: | Par
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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
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Initial index level: | 1,852.56
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Pricing date: | March 26
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Settlement date: | March 31
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Underwriters: | Goldman, Sachs & Co.
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Fees: | 3%
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Cusip: | 38147QUB0
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