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 4/30/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $2.53 million buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 30 - Goldman Sachs Group, Inc. priced $2.53 million of 0% buffered notes due May 2, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,400 per $1,000 principal amount of notes. Investors will receive par if the index falls by up to 30% and will be exposed to any losses beyond the 30% buffer.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Buffered notes
Underlying index:S&P 500
Amount:$2,534,000
Maturity:May 2, 2019
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus index return, subject to maximum payout of $1,400 per $1,000 of notes; par if index falls by up to 30%; exposure to losses beyond 30% buffer
Initial index level:1,869.43
Pricing date:April 28
Settlement date:April 30
Underwriter:Goldman Sachs & Co.
Fees:4.95%
Cusip:38147Q2T2

© 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.