Published on 1/13/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $2.25 million one-year trigger notes linked to Euro Stoxx
By Susanna Moon
Chicago, Jan. 13 – Goldman Sachs Group, Inc. priced $2.25 million of 0% leveraged trigger notes due Jan. 27, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never dips below the 80% trigger level during the life of the notes and finishes at or above the trigger, the payout at maturity will be par plus the contingent minimum return of 10.8%.
Otherwise, the payout will be par plus the index return, with full exposure to any losses and any gains capped at 10.8%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2.25 million
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Maturity: | Jan. 27, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index never dips below trigger level and finishes at or above trigger level, par plus 10.8%; otherwise, full exposure to any losses and any gains capped at 10.8%
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Initial index level: | 3,042.90
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Trigger level: | 80% of initial level
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Pricing date: | Jan. 9
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Settlement date: | Jan. 14
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38147QRG3
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