Published on 5/17/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $7.25 million leveraged buffered notes on MSCI EAFE
By Jennifer Chiou
New York, May 17 - Goldman Sachs Group, Inc. priced $7.25 million of 0% leveraged buffered index-linked notes due June 12, 2013 tied 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 1.5 times the index return, subject to a maximum payment of $1,285 per $1,000 of notes.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% index decline beyond 15%.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | MSCI EAFE
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Amount: | $7,245,000
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Maturity: | June 12, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.5 times the index return, capped at maximum payment of $1,285 per $1,000 of notes; par if index falls by up to 15% and loss of 1.1765% for every 1% index decline beyond 15%
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Initial index level: | 1,725.05, higher than 1,718.07, the actual closing level on trade date
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Pricing date: | May 13
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Settlement date: | May 20
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Agent: | Goldman Sachs & Co.
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Fees: | 0.175%
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Cusip: | 38146Q123
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