Published on 12/12/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $3.36 million buffered digital notes linked to MSCI EAFE
By Marisa Wong
Madison, Wis., Dec. 12 - Goldman Sachs Group, Inc. priced $3.36 million of 0% buffered digital index-linked notes due June 13, 2014 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the initial index level, the payout at maturity will be the maximum settlement amount of $1,191.50 per $1,000 principal amount of notes.
Investors will receive par for losses up to 10% and will lose 1.1111% for every 1% drop beyond the 10% buffer.
Goldman Sachs & Co. is the agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital index-linked notes
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Underlying index: | MSCI EAFE
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Amount: | $3,359,000
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Maturity: | June 13, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes at or above initial index level, $1,191.50 per $1,000 principal amount of notes; par for losses up to 10%; 1.1111% loss for every 1% index decline beyond 10%
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Initial level: | 1,569.32
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Pricing date: | Dec. 10
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Settlement date: | Dec. 13
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Agent: | Goldman Sachs & Co.
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Fees: | 0.2%
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Cusip: | 38141GKV5
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