Published on 12/31/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.32 million trigger performance notes on Vanguard FTSE EM
By Toni Weeks
San Luis Obispo, Calif., Dec. 31 – Goldman Sachs Group, Inc. priced $2.32 million of 0% trigger performance securities due Dec. 31, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 128% of any fund gain.
Investors will receive par if the fund falls by up to 25% 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.
|
Issue: | Trigger performance securities
|
Underlying ETF: | Vanguard FTSE Emerging Markets ETF
|
Amount: | $2,315,550
|
Maturity: | Dec. 31, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 128% of any fund gain; if fund falls by up to trigger level, par; otherwise, full exposure to any losses
|
Initial price: | $40.04
|
Trigger price: | $30.03, 75% of initial price
|
Pricing date: | Dec. 26
|
Settlement date: | Dec. 31
|
Agent: | Goldman Sachs & Co.
|
Fees: | 3.85%
|
Cusip: | 38148K587
|
© 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.