Published on 1/19/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.8 million leveraged buffered notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Jan. 19 – Goldman Sachs Group, Inc. priced $1.8 million of 0% leveraged buffered notes due Jan. 18, 2018 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.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum settlement amount of $1,295.50 for each $1,000 principal amount of notes. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that the basket declines beyond 10%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
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| Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $1.8 million
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| Maturity: | Jan. 18, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.5 times basket return, subject to maximum settlement amount of $1,295.50 for each $1,000 principal amount; par if basket declines by 10% or less; 1.1111% loss for every 1% that basket declines beyond 10%
|
| Initial index levels: | 3,024.00 for Euro Stoxx 50, 5,918.23 for FTSE 100, 1,406.55 for Topix, 8,305.47 for Swiss Market and 4,909.383 for S&P/ASX 200
|
| Pricing date: | Jan. 14
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| Settlement date: | Jan. 22
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.65%
|
| Cusip: | 38148TKY4
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