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 5/31/2013 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $4.74 million digital notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, May 31 - Goldman Sachs Group, Inc. priced $4.74 million of 0% digital notes due Oct. 2, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 85% barrier level, the payout at maturity will be the maximum settlement amount of $1,069 for each $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

The initial index level was set at higher than the actual closing level at pricing, which was 2,835.87.

Goldman Sachs & Co. is the agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Digital notes
Underlying index:Euro Stoxx 50
Amount:$4,743,000
Maturity:Oct. 2, 2014
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above barrier level, par plus 6.9%; otherwise, 1.1765% loss per 1% drop beyond 15%
Initial index level:2,848.63
Barrier level:85% of initial level
Pricing date:May 28
Settlement date:June 4
Agent:Goldman Sachs & Co.
Fees:1.1%
Cusip:38147M352

© 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.