Published on 12/1/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $9.26 million return optimization notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 1 – Goldman Sachs Group, Inc. priced $9.26 million of 0% return optimization securities due Dec. 31, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a maximum settlement amount of $11.086 per $10 principal amount.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Return optimization securities
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| Underlying index: | S&P 500
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| Amount: | $9,260,250
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| Maturity: | Dec. 31, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any gain in the index, capped at 10.86%; exposure to any losses
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| Initial level: | 2,069.41
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 28
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| Agent: | Goldman Sachs & Co.
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| Fees: | 2.1%
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| Cusip: | 38148K488
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