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.
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Issue: | Index-linked trigger notes
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Underlying index: | Euro Stoxx 50
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Amount: | $4,791,000
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Maturity: | July 22, 2015
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Coupon: | 0%
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Price: | Par
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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
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Initial index level: | 3,154.10
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Trigger level: | 77% of initial level
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Pricing date: | Jan. 17
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Settlement date: | Jan. 23
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Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.35%
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Cusip: | 38147QEK8
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