Published on 6/2/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $7.45 million trigger performance notes linked to DAX
By Susanna Moon
Chicago, June 2 – Goldman Sachs Group, Inc. priced $7.45 million of 0% trigger performance securities due May 29, 2020 linked to the DAX (EUR Price Index), according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.37 times any gain in the index.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Goldman Sachs & Co. is the agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Trigger performance securities
|
Underlying index: | DAX (EUR Price Index)
|
Amount: | $7,451,000
|
Maturity: | May 29, 2020
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | Par plus 137% of any index gain; par if index falls by up to 25%; otherwise, full exposure to any losses
|
Initial index level: | 5,920.18
|
Trigger level: | 4,440.14, 75% of initial level
|
Pricing date: | May 27
|
Settlement date: | May 29
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 3.85%
|
Cusip: | 38148W284
|
|
|
|
© 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.