Published on 12/14/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $4.79 million return optimization notes on Stoxx
By Devika Patel
Knoxville, Tenn., Dec. 14 – Goldman Sachs Group, Inc. priced $4.79 million of 0% return optimization securities due Jan. 13, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $11.81 per $10.00 principal amount of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Return optimization securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4.79 million
|
| Maturity: | Jan. 13, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 11.81%; exposure to any losses
|
| Initial level: | 3,269.97
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 15
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.1%
|
| Cusip: | 38148X746
|
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