New Issue: Goldman prices $6 million two-year notes with 85% trigger on Euro Stoxx

By Susanna Moon

Chicago, Nov. 15 - Goldman Sachs Group, Inc. priced $6 million of 0% index-linked notes due Nov. 18, 2014 tied to the Euro Stoxx 50 index, converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% trigger level, payout at maturity will be par plus the greater of 16.5% and any index gain, up to the maximum settlement amount of $1,300 for each $1,000 principal amount.

Otherwise, the payout will be par plus the index return with exposure to any losses.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	Euro Stoxx 50 index
Amount:	$6 million
Maturity:	Nov. 18, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above trigger level, par plus the greater of 16.5% and any index gain capped at 30%; otherwise, par plus return with exposure to losses
Initial index level:	3,166.82
Trigger level:	85% of initial level
Initial exchange rate:	1.27021449
Pricing date:	Nov. 13
Settlement date:	Nov. 20
Underwriter:	Goldman Sachs & Co.
Fees:	0.25%
Cusip:	38141GJA3

© 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.