New Issue: Goldman Sachs sells $4.28 million leveraged buffered index-linked notes on S&P 500

By Susanna Moon

Chicago, Aug. 10 - Goldman Sachs Group, Inc. priced $4.28 million of 0% leveraged buffered index-linked notes due Aug. 27, 2012 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,220 per $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$4,276,000
Maturity:	Aug. 27, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 22%; 1.25% loss for each 1% drop beyond 20%
Initial index level:	1,121.57
Pricing date:	Aug. 6
Settlement date:	Aug. 13
Underwriter:	Goldman, Sachs & Co.
Fees:	0.175%
Cusip:	38145X665

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.