FVC retrospective: Goldman’s Euro Stoxx 50 note returns 143%

Total return would have beaten cash holdings or index trackers

Goldman Sachs
Goldman Sachs headquarters

Investors who took a bet on Goldman Sachs' two-year leveraged buffered note on the Euro Stoxx 50 in February 2013 recently cashed in their products for a stonking total return of 143%.

The product - which struck on February 11, 2013 and matured on February 11, 2015 - offered a participation rate of 1.5 times any growth in the underlying index, capped at 67.5%. The Euro Stoxx 50 closed at 2,622.61 on the strike date, and at 3,374.14 on the maturity date - a growth of 28.66%. The two-year implied

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