Published on 6/16/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.57 million absolute return notes linked to Euro Stoxx
By Susanna Moon
Chicago, June 16 – Goldman Sachs Group, Inc. priced $2.57 million of 0% index-linked notes due Dec. 21, 2016 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the gain, up to a maximum settlement amount of $1,169 for each $1,000 principal amount.
If the index falls by up to the 83.1% trigger level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the underwriter, with JPMorgan as placement agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,572,000
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Maturity: | Dec. 21, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain, capped at 16.9%; if index falls by up to 16.9%, par plus absolute return; otherwise, full exposure to any losses
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Initial index level: | 3,502.77
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Trigger level: | 83.1% of initial level
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Pricing date: | June 12
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Settlement date: | June 17
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Underwriters: | Goldman, Sachs & Co., with JPMorgan as placement agent
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Fees: | 1.4%
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Cusip: | 38148T5F2
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