Published on 12/24/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $730,000 notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Dec. 24 – Goldman Sachs Group, Inc. priced $730,000 of 0% Euro Stoxx 50 index-linked notes due Dec. 29, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be the greater of (i) par plus the index return and (ii) the threshold settlement amount of $1,570 per $1,000 principal amount of notes. Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index falls by more than 40%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $730,000
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Maturity: | Dec. 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive or zero, greater of $1,570 per $1,000 of notes and par plus index return; par if index falls by up to 40%; full exposure to losses if index falls by more than 40%
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Initial index level: | 3,141.28
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Pricing date: | Dec. 19
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Settlement date: | Dec. 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.625%
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Cusip: | 38147QP83
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