By Jennifer Chiou
New York, Sept. 25 - Goldman Sachs Group, Inc. priced $8,649,000 of 0% leveraged buffered basket-linked notes due Oct. 9, 2013 linked to three indexes, each converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 55% weight, the Topix index with a 23% weight and the FTSE 100 index with a 22% weight.
The initial level of each index will be converted from its underlying currency into dollars at the exchange rate in effect on the pricing date. On each of the five trading days ending Oct. 4, 2013, each index will be converted at the exchange rate then in effect. The average of these five converted levels will be the index's final level.
The underlying currency is the euro for the Euro Stoxx 50, the Japanese yen for the Topix and the British pound for the FTSE 100.
The payout at maturity will be par plus the sum of the weighted index returns.
If a basket index's final level is greater than its initial level, its return will be double the gain, subject to a cap of 17.52%. If an index declines by 10% or less, its return will be 0%. If an index declines by more than 10%, its return will be 0% minus 1.1111% for every 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered basket-linked notes
|
| Underlying indexes: | Euro Stoxx 50 (55% weight), Topix (23% weight) and FTSE 100 (22% weight)
|
| Amount: | $8,649,000
|
| Maturity: | Oct. 9, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus sum of the weighted index returns; if basket index's final level is greater than its initial level, its return is equal to double the gain, subject to a cap of 17.52%; 0% return if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10% if an index drops by more than that amount
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 26
|
| Underwriter: | Goldman, Sachs & Co. with J.P. Morgan Securities LLC as dealer
|
| Fees: | 1.1%
|
| Cusip: | 38143U7E5
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
