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

Investors in Goldman Sachs’ two-year leveraged note on the Euro Stoxx 50 were toasting a handsome total return of just under 143% when the product matured in February – beating the returns they would have achieved using an index tracker

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