Published on 3/4/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.6 million notes linked to Euro Stoxx 50 index
By Toni Weeks
San Luis Obispo, Calif., March 4 – Goldman Sachs Group, Inc. priced $1.6 million of 0% index-linked notes due Sept. 1, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity per $1,000 principal amount of notes will be equal to the adjustment factor of 103.5% times the sum of (i) $1,000 plus (ii) $1,000 times the index return.
If the index return is less than about negative 3.3816%, investors will receive less than par.
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: | $1.6 million
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Maturity: | Sept. 1, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Per $1,000 principal amount of notes, 103.5% times the sum of (i) $1,000 plus (ii) $1,000 times the index return
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Initial index level: | 3,599.0
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Pricing date: | Feb. 27
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Settlement date: | March 4
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38147QVQ6
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