Published on 9/20/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $6.23 million leveraged buffered notes linked to Asian indexes
By Angela McDaniels
Tacoma, Wash., Sept. 20 - Goldman Sachs Group, Inc. priced $6.23 million of 0% leveraged buffered basket-linked notes due Oct. 3, 2012 linked to five Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Hang Seng China Enterprises index with a 30% weight, the Kospi 200 index with a 27% weight, the MSCI Taiwan index with a 20% weight, the Hang Seng index with a 14% weight and the MSCI Singapore Free index with a 9% weight.
The initial level of each index has been converted into dollars. The issuer will convert the level of each index into dollars on each of the five trading days ending Sept. 28, 2012. The average of these five levels will be the final level for that index.
The payout at maturity will be par plus double any basket gain, subject to a maximum payout of $1,160 per $1,000 principal amount of notes. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered basket-linked notes
|
| Underlying indexes: | Hang Seng China Enterprises index (30% weight), Korea Composite Stock Price Index 200 (27% weight), MSCI Taiwan index (20% weight), Hang Seng index (14% weight) and MSCI Singapore Free index (9% weight)
|
| Amount: | $6,231,000
|
| Maturity: | Oct. 3, 2012
|
| Coupon: | 0%
|
| Price: | Variable prices
|
| Payout at maturity: | Par plus double any basket gain, subject to a maximum payout of $1,160; par if basket declines by 10% or less; 1.1111% loss for every 1% that basket declines beyond 10%
|
| Initial converted levels: | 1,314.885019 for Hang Seng China Enterprises; 0.213483 for Kospi 200; 9.067451 for MSCI Taiwan; 2,495.950479 for Hang Seng; 259.054991 for MSCI Singapore Free
|
| Final levels: | For each index, the average of its converted levels on the five trading days ending Sept. 28, 2012
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 21
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as dealer
|
| Fees: | 1.1%
|
| Cusip: | 38143UE64
|
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