Published on 8/29/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.9 million trigger performance notes on iShares EAFE
By Marisa Wong
Madison, Wis., Aug. 29 – Goldman Sachs Group, Inc. priced $1.9 million of 0% trigger performance securities due Aug. 30, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 1.49 times the fund return.
Investors will receive par if the fund falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.
Goldman Sachs & Co. is the agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Trigger performance securities
|
Underlying fund: | iShares MSCI EAFE
|
Amount: | $1,899,540
|
Maturity: | Aug. 30, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.49 times any fund gain; par if fund falls by 25% or less; full exposure to losses if fund finishes below trigger level
|
Initial share price: | $66.91
|
Trigger price: | $50.18, 75% of initial level
|
Pricing date: | Aug. 26
|
Settlement date: | Aug. 29
|
Agent: | Goldman Sachs & Co.
|
Fees: | 3.85%
|
Cusip: | 38148C700
|
|
© 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.