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 1/22/2014 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs sells $4.79 million trigger notes linked to Euro Stoxx 50

By Marisa Wong

Madison, Wis., Jan. 22 - Goldman Sachs Group, Inc. priced $4.79 million of 0% index-linked trigger notes due July 22, 2015 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the 77% trigger level on every trading day during the life of the notes, the payout at maturity will be par plus the greater of the index return and zero.

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

Goldman Sachs & Co. is the underwriter. JPMorgan is the placement agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Index-linked trigger notes
Underlying index:Euro Stoxx 50
Amount:$4,791,000
Maturity:July 22, 2015
Coupon:0%
Price:Par
Payout at maturity:If index never closes below trigger level during life of notes, par plus index return, floor of par; otherwise, par plus index return, with full exposure to any losses
Initial index level:3,154.10
Trigger level:77% of initial level
Pricing date:Jan. 17
Settlement date:Jan. 23
Underwriter:Goldman Sachs & Co. with JPMorgan as placement agent
Fees:1.35%
Cusip:38147QEK8

© 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.