Published on 9/19/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $24.75 million leveraged buffered notes linked to MSCI EAFE
By Jennifer Chiou
New York, Sept. 19 - Goldman Sachs Group, Inc. priced $24.75 million of 0% leveraged buffered equity index-linked notes due Oct. 1, 2010 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus 126% of any index gain. Investors will receive par if the index falls by up to 15% and will lose 1.7651% for every 1% decline beyond 15%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered equity index-linked notes
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Underlying index: MSCI EAFE
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Amount: | $24,753,000
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Maturity: | Oct. 1, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 126% of any index gain; par if index falls by up to 15% and loss of 1.1765% for every 1% decline beyond 15%
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Initial index level: 1,613
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Pricing date: | Sept. 17
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Settlement date: | Oct. 1
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.175%
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