Published on 5/26/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $500,000 leveraged notes linked to indexes
By Marisa Wong
Madison, Wis., May 26 – Goldman Sachs Group, Inc. priced $500,000 of 0% leveraged notes due May 25, 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus two times the basket return, subject to a maximum settlement amount of $1,348 per $1,000 principal amount of notes. If the basket return is negative, investors will be fully exposed to the decline.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $500,000
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Maturity: | May 25, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus two times basket return, subject to maximum settlement amount of $1,348 per $1,000 principal amount of notes; full exposure to any basket decline
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Initial levels: | 3,683.48 for Euro Stoxx, 7,007.26 for FTSE, 1,643.40 for Topix, 9,319.90 for Swiss and 5,610.301 for S&P/ASX 200
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Pricing date: | May 20
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Settlement date: | May 28
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.65%
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Cusip: | 38148W581
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