Published on 5/19/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.62 million leveraged notes linked to JPX-Nikkei
By Marisa Wong
Madison, Wis., May 19 – Goldman Sachs Group, Inc. priced $1.62 million of 0% leveraged notes due June 2, 2016 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,169.50 per $1,000 principal amount.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
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| Underlying index: | JPX-Nikkei Index 400
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| Amount: | $1.62 million
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| Maturity: | June 2, 2016
|
| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 300% of the index return, subject to maximum payment of $1,169.50 per $1,000 principal amount; exposure to losses
|
| Initial index level: | 14,519.77
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
| Underwriters: | Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38148T3K3
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