Published on 9/3/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $3.65 million trigger notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 3 – Goldman Sachs Group, Inc. priced $3.65 million of 0% trigger notes due March 8, 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 87% of the initial level, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Otherwise, investors will experience a loss proportionate to the index’s decline.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | S&P 500
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Amount: | $3,648,000
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Maturity: | March 8, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to 87% of initial level, par plus index return, subject to minimum payout of par; otherwise, investors will experience a loss proportionate to index’s decline
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Initial index level: | 1,988.87
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Final index level: | Average of index’s closing levels on five trading days ending March 3, 2017
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Pricing date: | Aug. 28
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Settlement date: | Sept. 2
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Underwriter: | Goldman Sachs & Co.
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.4%
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Cusip: | 38148TCE7
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