Published on 9/17/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $12.41 million buffered notes linked to MSCI Spain 25/50
By Susanna Moon
Chicago, Sept. 17 – Goldman Sachs Group, Inc. priced $12.41 million of 0% notes due Sept. 19, 2017 linked to the common shares of the 25 Spanish companies included in the MSCI Spain 25/50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the 25 underlying companies in the MSCI Spain 25/50 index: Abertis Infraestructuras SA, ACS Actividades de Construccion y Servicios SA, Aena SA, Amadeus IT Holding SA, Banco Bilbao Vizcaya Argenta, Banco De Sabadell SA, Banco Popular Espanol, Banco Santander SA, Bankia SA, Bankinter, SA, Caixabank SA, Distribuidora Internacional de Alimentacion SA, Enagas SA, Endesa SA, Ferrovial SA, Gas Natural SDG SA, Grifols SA, Iberdrola SA, Inditex, International Consolidated Airlines Group SA, Mapfre SA, Red Electrica Corporacion SA, Repsol SA, Telefonica SA, Zardoya Otis SA.
The payout at maturity will be par plus any basket gain, up to the maximum settlement amount of $1,380 per $1,000 principal amount of notes.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered notes
|
| Underlying basket: | Abertis Infraestructuras SA, ACS Actividades de Construccion y Servicios SA, Aena SA, Amadeus IT Holding SA, Banco Bilbao Vizcaya Argenta, Banco De Sabadell SA, Banco Popular Espanol, Banco Santander SA, Bankia SA, Bankinter, SA, Caixabank SA, Distribuidora Internacional de Alimentacion SA, Enagas SA, Endesa SA, Ferrovial SA, Gas Natural SDG SA, Grifols SA, Iberdrola SA, Inditex, International Consolidated Airlines Group SA, Mapfre SA, Red Electrica Corporacion SA, Repsol SA, Telefonica SA, Zardoya Otis SA
|
| Amount: | $12,411,000
|
| Maturity: | Sept. 19, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, up to 38% cap; if basket falls by up to 15%, par; 1.1765% loss per 1% drop beyond 15%
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 21
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.45%
|
| Cusip: | 38148TEQ8
|
|
|
|
|
© 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.
