Published on 7/29/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $545,000 index-linked notes tied to the Dow
By Toni Weeks
San Luis Obispo, Calif., July 29 – Goldman Sachs Group, Inc. priced $545,000 of 0% index-linked notes due Aug. 1, 2023 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus any index gain, subject to a maximum settlement amount of $1,800 per $1,000 principal amount of notes.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $545,000
|
| Maturity: | Aug. 1, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus return, capped at 80%; if index falls, par
|
| Initial level: | 17,440.59
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 38148T7B9
|
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