Published on 8/25/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $15.01 million leveraged notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 25 – Goldman Sachs Group, Inc. priced $15.01 million of 0% leveraged index-linked notes due Aug. 24, 2018 tied to the Euro Stoxx 50 Index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum payment of $1,570 per $1,000 principal amount.
Investors will be exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | Euro Stoxx 50 Index
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| Amount: | $15.01 million
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| Maturity: | Aug. 24, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, capped at 57%; exposure to any losses
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| Initial level: | 3,247.26
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| Pricing date: | Aug. 21
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| Settlement date: | Aug. 28
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| Underwriters: | Goldman, Sachs & Co.
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| Fees: | 2.425%
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| Cusip: | 38148TD22
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