Published on 1/14/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $6.58 million capped leveraged notes linked to S&P 500
By Susanna Moon
Chicago, Jan. 14 – GS Finance Corp. priced $6.58 million of 0% capped leveraged notes due Jan. 25, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 3 times any index gain, up to a maximum settlement amount of $1,150 for each $1,000 principal amount of notes.
Investors will be exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Barclays is the agent.
Issuer: | GS Finance Corp.
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Issue: | Capped leveraged notes
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Underlying index: | S&P 500
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Amount: | $6,575,000
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Maturity: | Jan. 25, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain, capped at 15%; exposure to any losses
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Initial level: | 1,922.03
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Pricing date: | Jan. 8
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Settlement date: | Jan. 13
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Agent: | Goldman, Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.1%
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Cusip: | 40054CAW4
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