Published on 5/1/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $7.57 million digital notes tied to Euro Stoxx
By Susanna Moon
Chicago, May 1 – Goldman Sachs Group, Inc. priced $7.57 million of 0% digital notes due May 1, 2020 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 initial level, the payout at maturity will be the greater of any gain or the threshold settlement amount of $1,540 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Digital index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $7.57 million
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| Maturity: | May 1, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus return, floor of 54%; otherwise, exposure to any losses
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| Initial level: | 3,715.42
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| Pricing date: | April 28
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| Settlement date: | May 5
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| Agent: | Goldman Sachs & Co.
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| Fees: | 3.55%
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| Cusip: | 38148W136
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