Published on 6/17/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1 million index-linked protected notes tied to Nikkei 225
By Toni Weeks
San Luis Obispo, Calif., June 17 – Goldman Sachs Group, Inc. priced $1 million of 0% seven-year index-linked notes tied to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the return, subject to a maximum payout of $1,650 per $1,000 principal amount.
Investors will receive par if the index return is zero or negative.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | Nikkei 225
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Amount: | $1 million
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Maturity: | June 17, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return, with maximum payout of $1,650 per $1,000 of notes and floor of par
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Initial index level: | 14,973.53
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Pricing date: | June 13
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Settlement date: | June 18
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.125%
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Cusip: | 38147QB39
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