E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/16/2011 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $45.41 million 0% buffered equity notes on Russell 2000

By Marisa Wong

Madison, Wis., March 16 - Goldman Sachs Group, Inc. priced $45.41 million of 0% buffered equity index-linked notes due July 19, 2013 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of the initial level, the payout at maturity will be the maximum settlement amount of $1,221.50 per $1,000 principal amount.

If the index falls by more than 15%, investors will lose 1.1765% for each 1% decline beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Buffered equity index-linked notes
Underlying index:Russell 2000
Amount:$45,406,000
Maturity:July 19, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 22.15% if index gains or if it falls by less than 15%; 1.1765% loss for each 1% drop beyond 15%
Initial index level:800.31
Pricing date:March 14
Settlement date:March 21
Underwriter:Goldman, Sachs & Co.
Fees:0.175%
Cusip:38146M213

© 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.