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 10/10/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs sells $2.95 million buffered notes linked to S&P 500

By Marisa Wong

Madison, Wis., Oct. 10 – Goldman Sachs Group, Inc. priced $2.95 million of 0% buffered index-linked notes due April 13, 2016 tied 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 the gain, up to a maximum settlement amount of $1,131 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Buffered index-linked notes
Underlying index:S&P 500
Amount:$2,953,000
Maturity:April 13, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at 13.1%; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5%
Initial index level:1,968.89
Buffer level:87.5% of initial level
Pricing date:Oct. 8
Settlement date:Oct. 16
Underwriter:Goldman Sachs & Co.
Fees:1.1%
Cusip:38148F687

© 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.