Published on 7/30/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $1.48 million more leveraged buffered notes on index, ETF
By Marisa Wong
Madison, Wis., July 30 – Goldman Sachs Group, Inc. priced $1.48 million of additional 0% leveraged buffered basket-linked notes due July 30, 2019 tied to a basket of one index and one fund, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total issue size to $3.59 million. The original $2.11 million principal amount priced on July 23.
The basket consists of the MSCI EAFE index with a 60% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 40% weight.
The payout at maturity will be par plus 1.27 times any basket gain.
Investors will receive par if the basket falls by up to 20% and lose 1.25% for every 1% decline beyond 20%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying basket: | MSCI EAFE index (60% weight) and the iShares MSCI Emerging Markets ETF (40% weight)
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Amount: | $3,592,000 (increased from $2.11 million)
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Maturity: | July 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 127% of any basket gain; par if basket falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
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Initial levels: | 1,964.80 for MSCI EAFE and $44.76 for MSCI EM
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Pricing date: | July 23 for $2.11 million, July 28 for $1,482,000
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Settlement date: | July 30
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Underwriters: | Goldman, Sachs & Co.
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Fees: | 1.39% for original notes, 1.27% for upsize notes
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Cusip: | 38147QDG8
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