Published on 8/29/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $8.98 million return optimization notes linked to Russell 2000
By Susanna Moon
Chicago, Aug. 29 – Goldman Sachs Group, Inc. priced $8.98 million of 0% return optimization securities due Sept. 30, 2015 linked to the Russell 2000 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 $11.45 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
|
| Underlying index: | Russell 2000 index
|
| Amount: | $8,980,670
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| Maturity: | Sept. 30, 2015
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 14.5%; exposure to any losses
|
| Initial index level: | 1,175.17
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.1%
|
| Cusip: | 38148C718
|
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