Published on 1/29/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $40.74 million return optimization securities on Russell
By Jennifer Chiou
New York, Jan. 29 – Goldman Sachs Group, Inc. priced $40,742,100 of 0% return optimization securities due Feb. 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus three times the index return, subject to a maximum return of 15.35%.
Investors will be fully exposed to any losses.
Goldman Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $40,742,100
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| Maturity: | Feb. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain, capped at 15.35%; exposure to any losses
|
| Initial level: | 1,194.658
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 30
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 2.1%
|
| Cusip: | 38148L106
|
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