Published on 10/22/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.53 million leveraged buffered notes on indexes
By Jennifer Chiou
New York, Oct. 22 – Goldman Sachs Group, Inc. priced $2,525,000 of 0% leveraged buffered basket-linked notes due Oct. 25, 2016, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with a 8% weight.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, capped at 20.1%.
Investors will receive par for losses up to 10% and will be exposed to any losses beyond 10% at a rate of 1.1111% per 1% decline.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered basket-linked notes
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Underlying basket indexes: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $2,525,000
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Maturity: | Oct. 25, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 150% of the basket return, capped at 20.1%; par for losses up to 10%; exposure to losses beyond 10% at a rate of 1.1111% per 1% decline
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Initial index levels: | 2,927.30 for Euro Stoxx 50, 6,267.07 for FTSE 100, 1,224.34 for Topix, 8,283.31 for Swiss Market and 5,319.439 for S&P/ASX 200
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Pricing date: | Oct. 20
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Settlement date: | Oct. 27
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Underwriters: | Goldman Sachs & Co.
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Fees: | 1.65%
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Cusip: | 38148F828
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