New Issue: Goldman prices $1.07 billion leveraged notes linked to index basket

By Marisa Wong

Morgantown, W.Va., Feb. 2 – Goldman Sachs Group, Inc. priced $1.07 billion of 0% leveraged notes due Feb. 23, 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 58% weight, the FTSE 100 index with a 19% weight and the Topix index with a 23% weight.

If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum settlement amount of $1,270.20 for each $1,000 principal amount of notes. If the basket return is negative, investors will be fully exposed to the decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying indexes:	Euro Stoxx 50 (58% weight), FTSE 100 (19% weight), Topix (23% weight)
Amount:	$1,069,989,000
Maturity:	Feb. 23, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus two times basket return, subject to maximum settlement amount of $1,270.20 for each $1,000 principal amount; full exposure to any basket decline
Initial levels:	3,045.09 for Euro Stoxx, 6,083.79 for FTSE, 1,432.07 for Topix
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Underwriter:	Goldman Sachs & Co.
Fees:	1.1%
Cusip:	38148TLP2

© 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.