Published on 11/13/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.86 million leveraged notes linked to iShares MSCI EM
By Susanna Moon
Chicago, Nov. 13 – Goldman Sachs Group, Inc. priced $5.86 million of leveraged notes due Nov. 15, 2017 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum payout of $1,398 per $1,000 of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged notes
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| Underlying fund: | iShares MSCI Emerging Markets
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| Amount: | $5,855,000
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| Maturity: | Nov. 15, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 39.8%; exposure to any losses
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| Initial level: | $34.27
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| Barrier level: | 80% of initial level
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| Pricing date: | Nov. 10
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| Settlement date: | Nov. 18
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.65%
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| Cusip: | 38148TJ67
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