Published on 9/10/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $4.11 million autocallable buffered notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Sept. 10 - Goldman Sachs Group, Inc. priced $4.11 million of 0% autocallable buffered index-linked notes due Sept. 24, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called if the index closes at or above the initial index level on any call observation date. The payout will be par plus 13.11% if the notes are called Oct. 17, 2011, par plus 18.15% if they are called March 15, 2012 and par plus 24.2% if they are called Sept. 17, 2012, which is also the final determination date.
If the notes are not called, the payout at maturity will be par if the index level on the final determination date has not declined from the initial index level by more than 30%. Investors will lose 1.4286% for every 1% that the index declines beyond 30%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $4,108,000
|
| Maturity: | Sept. 24, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final index level is at least 70% of initial level; otherwise, 1.4286% loss for every 1% decline below the buffer
|
| Call: | At par plus a premium if index closes at or above initial level on Oct. 17, 2011, March 15, 2012 or Sept. 17, 2012; premium is 13.11% on first call date, 18.15% on second call date and 24.2% on third call date
|
| Initial index level: | 636.20
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 15
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.275%
|
| Cusip: | 38143UMF5
|
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