E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/28/2012 in the Prospect News Structured Products Daily.

New Issue: Goldman sells $3.91 million index-linked trigger notes on Euro Stoxx 50

By Marisa Wong

Madison, Wis., Dec. 28 - Goldman Sachs Group, Inc. priced $3.91 million of 0% index-linked trigger notes due June 25, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if the final index level is less than the initial level by more than 20%.

If a trigger event occurs, the payout at maturity will be par plus the index return, with full exposure to losses. Otherwise, the payout will be par plus the greater of the index return and the contingent minimum return of 9%.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Index-linked trigger notes
Underlying index:Euro Stoxx 50
Amount:$3,911,000
Maturity:June 25, 2014
Coupon:0%
Price:Par
Payout at maturity:If final index level is less than initial level by more than 20%, par plus index return, with full exposure to losses; otherwise, par plus greater of index return and contingent minimum return of 9%
Initial index level:2,651.09
Trigger level:80% of initial level
Pricing date:Dec. 21
Settlement date:Dec. 27
Underwriter:Goldman Sachs & Co. with J.P. Morgan Securities LLC as placement agent
Fees:1.35%
Cusip:38141GLG7

© 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.