Published on 3/30/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.04 million trigger performance securities on iShares MSCI EAFE
By Jennifer Chiou
New York, March 30 – Goldman Sachs Group, Inc. priced $5,041,960 of 0% trigger performance securities due March 31, 2020 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 1.46 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 underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger performance securities
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Underlying fund: iShares MSCI EAFE
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Amount: | $5,041,960
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Maturity: | March 31, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.46 times any fund gain; par if fund falls by 25% or less; full exposure to losses if fund finishes below trigger level
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Initial fund level: | $64.98
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Trigger level: | $48.74, 75% of initial level
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Pricing date: | March 26
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Settlement date: | March 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.85%
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Cusip: | 38146U223
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