Published on 4/8/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $650,000 trigger notes due 2015 linked to S&P 500
By Susanna Moon
Chicago, April 8 - Goldman Sachs Group, Inc. priced $650,000 of 0% trigger notes due Oct. 7, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never closes below the 79.4% barrier level during the life of the notes, the payout at maturity will be par plus the greater of any index gain and 0%.
Otherwise, the payout at maturity will be par plus the index return with exposure to any losses.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Trigger notes
|
Underlying index: | S&P 500
|
Amount: | $650,000
|
Maturity: | Oct. 7, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index never closes below barrier level during the life of notes, par plus any index gain, floor of par; otherwise, par plus return with exposure to any losses
|
Initial index level: | 1,865.09
|
Barrier level: | 79.4% of initial level
|
Pricing date: | April 4
|
Settlement date: | April 9
|
Underwriter: | Goldman Sachs & Co.
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.35%
|
Cusip: | 38147Q2P0
|
© 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.