Published on 11/9/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $768,000 digital notes linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Nov. 9 – Goldman Sachs Group, Inc. priced $768,000 of 0% digital notes due Nov. 1, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,160 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying index: | Russell 2000
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Amount: | $768,000
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Maturity: | Nov. 1, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 15%, $1,160 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 1,178.716
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Pricing date: | Oct. 28
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Settlement date: | Oct. 30
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.65%
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Cusip: | 38148TFX2
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