Published on 9/7/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $16.64 million 0% buffered equity notes on S&P 500
By Jennifer Chiou
New York, Sept. 7 - Goldman Sachs Group, Inc. priced $16.64 million of 0% buffered equity index-linked notes due Nov. 2, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 75% of the initial level, the payout at maturity will be par plus the maximum settlement amount of 6.5%.
Investors will share in losses beyond 25% at a rate of 1.33% for each 1% decline beyond the buffer amount.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered equity index-linked notes
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Underlying index: | S&P 500
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Amount: | $16,638,000
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Maturity: | Nov. 2, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the maximum settlement amount of 6.5% if the index ends greater than or equal to 75% of the initial level; 1.33% loss for each 1% drop beyond 25%
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Initial index level: | 1,084.24
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Pricing date: | Sept. 2
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Settlement date: | Sept. 10
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.1%
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Cusip: | 38145X533
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