Published on 2/4/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $4.31 million leveraged notes tied to index basket
By Marisa Wong
Madison, Wis., Feb. 4 – Goldman Sachs Group, Inc. priced $4.31 million of 0% leveraged notes due Feb. 2, 2017 linked to a basket of indexes, 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 an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,207 for each $1,000 principal amount.
If the basket return is zero or negative but at least negative 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying basket: | 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: | $4.31 million
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Maturity: | Feb. 2, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,207 for each $1,000 principal amount; par if basket return is at least negative 10%; otherwise, 1.1111% loss for every 1% decline beyond 10%
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Initial levels: | 3,351.44 for Euro Stoxx, 6,749.40 for FTSE 100, 1,415.07 for Topix, 8,385.13 for Swiss Market and 5,588.321 for S&P/ASX 200
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Pricing date: | Jan. 30
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Settlement date: | Feb. 6
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 1.65%
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Cusip: | 38148L452
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