Published on 2/10/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $750,000 leveraged buffered notes linked to index basket
By Toni Weeks
San Luis Obispo, Calif., Feb. 10 – Goldman Sachs Group, Inc. priced $750,000 of 0% leveraged buffered notes due Feb. 9, 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 1.25 times any basket gain, up to a maximum settlement amount of $1,248.75 for each $1,000 principal amount.
Investors will receive par if the basket declines by up to 10% and will lose 1.1111% for each 1% decline in the basket beyond 10%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered basket-linked notes
|
| 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)
|
| Amount: | $750,000
|
| Maturity: | Feb. 9, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 125% of basket return, with maximum payout of $1,248.75 per $1,000 of notes; par if basket falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial index levels: | 3,398.16 for Euro Stoxx, 6,853.44 for FTSE 100, 1,417.19 for Topix, 8,587.99 for Swiss Market and 5,820.171 for S&P/ASX
|
| Initial basket level: | 100
|
| Pricing date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.45%
|
| Cusip: | 38148L684
|
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