Published on 12/14/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs sells $4.46 million return optimization notes on EAFE
By Devika Patel
Knoxville, Tenn., Dec. 14 – Goldman Sachs Group, Inc. priced $4.46 million of 0% return optimization securities due Jan. 13, 2017 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain up to a maximum settlement amount of $11.47 per $10.00 principal amount of notes.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Return optimization securities
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| Underlying index: | MSCI EAFE
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| Amount: | $4,455,000
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| Maturity: | Jan. 13, 2017
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any index gain, capped at 14.7%; exposure to any losses
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| Initial level: | 1,705.53
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| Pricing date: | Dec. 10
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| Settlement date: | Dec. 15
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 2.1%
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| Cusip: | 38148X753
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