Published on 4/21/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.3 million trigger notes due 2016 linked to S&P 500
By Susanna Moon
Chicago, April 21 – Goldman Sachs Group, Inc. priced $1.3 million of 0% leveraged trigger notes due Oct. 26, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index never dips below the 76.75% trigger level during the life of the notes and finishes at or above the trigger, the payout at maturity will be par plus the greater of zero and any index gain.
Otherwise, the payout will be par plus the index return, with full exposure to any losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | S&P 500
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Amount: | $1,302,000
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Maturity: | Oct. 26, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index never dips below trigger level and finishes at or above trigger level, par plus any index gain, floor of par; otherwise, par plus return with full exposure to any losses
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Initial level: | 2,081.18
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Trigger level: | 76.75% of initial level
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Pricing date: | April 17
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Settlement date: | April 22
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.4%
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Cusip: | 38147QZ82
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