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Published on 10/22/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $1.59 million trigger notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 21 – Goldman Sachs Group, Inc. priced $1.59 million of 0% trigger notes due April 20, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index's final level, which will be the average of the index’s closing levels on the five trading days ending April 15, 2016, is greater than or equal to 82.5% of the initial level, the payout at maturity will be par plus the greater of the index return and zero. Otherwise, investors will have one-to-one exposure to the index’s decline.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Trigger notes
Underlying index:Euro Stoxx 50
Amount:$1.59 million
Maturity:April 20, 2016
Coupon:0%
Price:Par
Payout at maturity:If index's final level is greater than or equal to 82.5% of initial level, par plus greater of zero and index return; otherwise, full exposure to index’s decline
Initial index level:2,962.24
Final index level: Average of index’s closing levels on the five trading days ending April 15, 2016
Pricing date:Oct. 17
Settlement date:Oct. 22
Underwriter:Goldman Sachs & Co.
Agent:J.P. Morgan Securities LLC
Fees:1.35%
Cusip:38147QL46

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