Published on 7/26/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.31 million more leveraged buffered notes on S&P 500
By Marisa Wong
Madison, Wis., July 26 - Goldman Sachs Group, Inc. priced $5.31 million of reopened 0% leveraged buffered index-linked notes due July 24, 2017 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission. The reopened notes are priced at 98.9.
This brings the total deal size to $101.6 million. Goldman Sachs initially priced $70 million of the notes on July 9, $16.17 million of the notes on July 12 and another $10.13 million on July 18. The initial $96.29 million of notes were issued on July 23, and the reopened notes will settle on July 27.
The payout at maturity will be par plus 1.5 times any index gain.
Investors will receive par if the index falls by up to 50% and will lose 2% for each 1% decline beyond 50%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $101,603,000, up from $70 million
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Maturity: | July 24, 2017
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Coupon: | 0%
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Price: | Par for $96.29 million, 98.9 for reopened notes
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Payout at maturity: | Par plus 150% of any index gain; par if index falls by up to 50%; 2% loss per 1% drop beyond 50%
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Initial index level: | TBA
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Pricing date: | July 9 for $70 million, July 12 for $16.17 million, July 18 for $10,125,000, July 24 for $5,313,000
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Settlement date: | July 23 for $96.29 million, July 27 for $5,313,000
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.35% for $96.29 million, 0.3% for $5,313,000
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Cusip: | 38143UY70
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