New Issue: Goldman prices $6.85 million leveraged buffered notes on Spanish stocks

By Marisa Wong

Madison, Wis., Oct. 15 – Goldman Sachs Group, Inc. priced $6.85 million of 0% leveraged buffered notes due April 18, 2016 linked to the 22 ordinary shares of the 22 Spanish companies included in the MSCI Spain 25/50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Amadeus IT Holding SA, Banco Bilbao Vizcaya Argenta, Banco De Sabadell SA, Banco Popular Espanol, Banco Santander SA, Bankia SA, Caixabank SA, Gas Natural SDG SA, Iberdrola SA, Inditex, Red Electrica Corporacion SA, Repsol SA and Telefonica SA, each with a 5% weight; Abertis Infraestructuras SA with a 4.842% weight, Ferrovial SA with a 4.72% weight, ACS Actividades de Construccion y Servicios SA with a 4.514% weight, Enagas SA with a 4.464% weight, Grifols SA with a 4.001% weight, International Consolidated Airlines Group SA with a 3.727% weight, Distribuidora Internacional de Alimentacion SA with a 3.498% weight, Mapfre SA with a 2.856% weight and Zardoya Otis SA with a 2.378% weight.

The payout at maturity will be par plus 1.5 times any basket gain, subject to a maximum settlement amount of $1,189 per $1,000 principal amount.

If the basket return is at least negative 10%, the payout will be par. If the basket falls by more than 10%, investors will lose 1.1111% for every 1% drop beyond 10%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered basket-linked notes
Underlying stocks:	22 Spanish companies included in the MSCI Spain 25/50 index: Amadeus IT Holding SA, Banco Bilbao Vizcaya Argenta, Banco De Sabadell SA, Banco Popular Espanol, Banco Santander SA, Bankia SA, Caixabank SA, Gas Natural SDG SA, Iberdrola SA, Inditex, Red Electrica Corporacion SA, Repsol SA and Telefonica SA, each with a 5% weight; Abertis Infraestructuras SA with a 4.842% weight, Ferrovial SA with a 4.72% weight, ACS Actividades de Construccion y Servicios SA with a 4.514% weight, Enagas SA with a 4.464% weight, Grifols SA with a 4.001% weight, International Consolidated Airlines Group SA with a 3.727% weight, Distribuidora Internacional de Alimentacion SA with a 3.498% weight, Mapfre SA with a 2.856% weight and Zardoya Otis SA with a 2.378% weight
Amount:	$6,854,000
Maturity:	April 18, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain, subject to a maximum settlement amount of $1,189 per $1,000 principal amount; if basket return is at least negative 10%, par; if basket falls by more than 10%, 1.1111% loss for every 1% drop beyond 10%
Pricing date:	Oct. 13
Settlement date:	Oct. 20
Underwriter:	Goldman Sachs & Co.
Fees:	1.35%
Cusip:	38148F810

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.