New Issue: Goldman Sachs prices $12.34 million buffered digital notes tied to Stoxx Europe 600

By Toni Weeks

San Luis Obispo, Calif., April 24 - Goldman Sachs Group, Inc. priced $12.34 million of 0% buffered digital index-linked notes due March 25, 2016 tied to the Stoxx Europe 600 index, converted to dollars, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, they payout at maturity will be the maximum settlement amount of $1,162.50 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond the 10% buffer.

The initial level and final level of the index will be adjusted to represent the dollar value of the index.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	Stoxx Europe 600
Amount:	$12,342,000
Maturity:	March 25, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above initial level, $1,162.50 per $1,000 note; if index falls by up to 10%, par; otherwise, 1.1111% loss for every 1% decline beyond 10% buffer
Initial level:	464.9834395
Initial exchange rate:	1.37965
Buffer level:	90% of initial level
Pricing date:	April 22
Settlement date:	April 29
Agent:	Goldman Sachs & Co.
Fees:	1.55%
Cusip:	38148A753

© 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.