Published on 9/29/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $3 million buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Sept. 29 - Goldman Sachs Group, Inc. priced $3 million of 0% buffered index-linked notes due April 4, 2011 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the return, subject to a maximum return of 9.6%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered index-linked notes
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Underlying index: | MSCI EAFE
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Amount: | $3 million
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Maturity: | April 4, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to maximum return of 9.6%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 1,569.3
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Pricing date: | Sept. 27
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Settlement date: | Oct. 4
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.05%
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Cusip: | 38143UND9
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