Published on 1/13/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.03 million trigger notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Jan. 13 – Goldman Sachs Group, Inc. priced $1.03 million of 0% leveraged trigger notes due July 13, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 75.5% trigger level, the payout at maturity will be par plus the greater of zero and the index return.
Otherwise, the payout will be par plus the index return, with full exposure to any losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,025,000
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Maturity: | July 13, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above trigger level, par plus greater of zero and index return; otherwise, full exposure to any losses
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Initial index level: | 3,042.90
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Trigger level: | 75.5% of initial level
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Pricing date: | Jan. 9
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Settlement date: | Jan. 14
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.35%
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Cusip: | 38147QRD0
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