Published on 5/14/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.17 million leveraged buffered notes on S&P 500
By Marisa Wong
Madison, Wis., May 14 – Goldman Sachs Group, Inc. priced $1.17 million of 0% leveraged buffered index-linked notes due May 17, 2018 tied to the S&P 500 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 plus 101% of the index return. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,165,000
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Maturity: | May 17, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 101% of the index return; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
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Initial index level: | 2,099.12
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Pricing date: | May 12
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Settlement date: | May 19
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 2.425%
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Cusip: | 38148W433
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