Published on 8/29/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs sells $190,000 five-year buffered notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 29 – Goldman Sachs Group, Inc. priced $190,000 of 0% buffered index-linked notes due Aug. 30, 2019 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the gain, up to a maximum settlement amount of $1,350 for each $1,000 principal amount.
Investors will receive par if the index falls by up 30% and be exposed to any losses beyond 30%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $190,000
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Maturity: | Aug. 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 35%; par if index falls by up to 30%; exposure to losses beyond 30%
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Initial index level: | 2,000.12
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Buffer level: | 70% of initial level
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Pricing date: | Aug. 27
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Settlement date: | Aug. 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.85%
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Cusip: | 38147QEQ5
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