Published on 5/27/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $6.01 million return optimization notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., May 27 – Goldman Sachs Group, Inc. priced $6.01 million of 0% return optimization securities due June 30, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount of $11.51 per $10.00 principal amount of notes. If the index return is negative, investors will have one-to-one exposure to the index’s decline.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Return optimization securities
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Underlying index: | Russell 2000
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Amount: | $6,006,900
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Maturity: | June 30, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus three times index return, subject to maximum settlement amount of $11.51 per $10.00 principal amount of notes; if index return is negative, one-to-one exposure to index’s decline
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Initial index level: | 1,238.756
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Pricing date: | May 26
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Settlement date: | May 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.1%
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Cusip: | 38148W268
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