Published on 2/27/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $8.3 million leveraged trigger notes on S&P 500
By Marisa Wong
Madison, Wis., Feb. 27 - Goldman Sachs Group, Inc. priced $8.3 million of 0% leveraged trigger notes due Nov. 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 75% of the initial level, the payout at maturity will be par plus the greater of 1.27 times the index return and zero.
If the final index level is less than the 75% trigger level, investors will share fully in losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged trigger notes
|
Underlying index: | S&P 500
|
Amount: | $8,298,000
|
Maturity: | Nov. 30, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is at least 75% of initial level, par plus greater of 127% of the index return and zero; otherwise, full exposure to losses
|
Initial index level: | 1,845.12
|
Trigger level: | 75% of initial index level
|
Pricing date: | Feb. 25
|
Settlement date: | Feb. 28
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 3%
|
Cusip: | 38147QKB1
|
© 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.