Published on 5/12/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.95 million trigger notes due 2016 linked to Euro Stoxx 50
By Susanna Moon
Chicago, May 12 – Goldman Sachs Group, Inc. priced $5.95 million of 0% trigger notes due Nov. 15, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are callable at 108% of par with a redemption notice date of Nov. 9.
If the index finishes at or above the 80% trigger level, the payout at maturity will be par plus the greater of zero and 125% of any index gain.
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: | $5,945,000
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| Maturity: | Nov. 15, 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 125% of any index gain, floor of par; otherwise, par plus return with full exposure to any losses
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| Call option: | At 108% of par with a redemption notice date of Nov. 9
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| Initial level: | 3,556.21
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| Trigger level: | 80% of initial level
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| Pricing date: | May 7
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| Settlement date: | May 12
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.15%
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| Cusip: | 38148T2X6
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