By Angela McDaniels
Tacoma, Wash., March 21 - Goldman Sachs Group, Inc. priced $6.25 million of 0% digital notes due Sept. 24, 2015 linked to the dollar value of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level was converted into dollars from euros, and the final index level will be converted at the exchange rate then in effect. Any appreciation of the dollar between the trade date and the determination date against the euro will negatively impact the return on the index and on the notes.
If the index return is greater than or equal to negative 10%, the payout at maturity will be $1,105.50 per $1,000 principal amount of notes.
If the index return is less than negative 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Digital notes
|
Underlying index: | Dollar value of Euro Stoxx 50
|
Amount: | $6,254,000
|
Maturity: | Sept. 24, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is greater than or equal to negative 10%, $1,105.50 per $1,000 principal amount of notes; if index return is less than negative 10%, 1.1111% loss for every 1% that index declines beyond 10%
|
Initial index level: | 4,279.062942
|
Pricing date: | March 19
|
Settlement date: | March 26
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 1.6%
|
Cusip: | 38148A498
|
© 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.