Published on 9/22/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.13 million leveraged notes tied to iShares MSCI EAFE
By Jennifer Chiou
New York, Sept. 22 – Goldman Sachs Group, Inc. priced $2,125,000 of 0% leveraged notes due Jan. 9, 2017 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 151% of the return. Investors will share in losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged ETF-linked notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $2,125,000
|
| Maturity: | Jan. 9, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is positive, par plus 151% of the return; exposure to losses
|
| Initial fund level: | $66.20
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 23
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.675%
|
| Cusip: | 38147QH41
|
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