Published on 10/21/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $4.69 million leveraged basket-linked notes on indexes
By Jennifer Chiou
New York, Oct. 21 – Goldman Sachs Group, Inc. priced $4,694,000 of 0% leveraged basket-linked notes due April 21, 2016, 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 a 8% weight.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, capped at 34.8%.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged basket-linked notes
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Underlying basket indexes: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $4,694,000
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Maturity: | April 21, 2016
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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 150% of the basket return, capped at 34.8%; otherwise, exposure to losses
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Initial index levels: | 2,962.24 for Euro Stoxx 50, 6,310.29 for FTSE 100, 1,177.22 for Topix, 8,250.10 for Swiss Market and 5,271.721 for S&P/ASX 200
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Pricing date: | Oct. 17
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Settlement date: | Oct. 24
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Underwriters: | Goldman Sachs & Co.
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Fees: | 1.35%
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Cusip: | 38148F703
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