Published on 9/2/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $3.03 million notes linked to GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., Sept. 2 – Goldman Sachs Group, Inc. priced $3.03 million of 0% notes due March 2, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER 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 3 times the index return.
If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $3,031,000
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Maturity: | March 2, 2023
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is positive, par plus 3 times index return; if index return is zero or negative, par
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Initial level: | 106.34
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.8%
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Cusip: | 38148TB57
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