Published on 11/19/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $15.88 million leveraged buffered notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Nov. 19 – Goldman Sachs Group, Inc. priced $15.88 million of 0% leveraged notes due Nov. 22, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum settlement amount of $1,255 for each $1,000 principal amount of notes. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that the basket declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $15,884,000
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Maturity: | Nov. 22, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.5 times basket return, subject to maximum settlement amount of $1,255 for each $1,000 principal amount; par if basket falls by 10% or less; 1.1111% loss for every 1% that basket declines beyond 10%
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| Pricing date: | Nov. 17
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Settlement date: | Nov. 24
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.65%
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Cusip: | 38148TJH3
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