Published on 1/29/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $8.51 million leveraged notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Jan. 29 - Goldman Sachs Group, Inc. priced $8.51 million of 0% leveraged notes due July 30, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.6 times the index return.
Investors will share in losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying index: | Euro Stoxx 50
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Amount: | $8,506,000
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Maturity: | July 30, 2015
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus 160% of any index gain; exposure to losses
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Initial index level: | 3,014.62
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Pricing date: | Jan. 27
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Settlement date: | Feb. 3
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 1.35%
|
Cusip: | 38147V642
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