Published on 6/16/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $775,000 absolute return notes linked to S&P 500
By Susanna Moon
Chicago, June 16 – Goldman Sachs Group, Inc. priced $775,000 of 0% index-linked notes due Dec. 21, 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the gain, up to a maximum settlement amount of $1,150.50 for each $1,000 principal amount.
If the index falls by up to the 84.95% trigger level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the underwriter, with JPMorgan as placement agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $775,000
|
Maturity: | Dec. 21, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any gain, capped at 15.05%; if index falls by up to 15.05%, par plus absolute return; otherwise, full exposure to any losses
|
Initial index level: | 2,094.11
|
Trigger level: | 84.95% of initial level
|
Pricing date: | June 12
|
Settlement date: | June 17
|
Underwriters: | Goldman, Sachs & Co., with JPMorgan as placement agent
|
Fees: | 1.4%
|
Cusip: | 38148T5G0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.