Published on 3/30/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $70,000 leveraged buffered notes on Russell 2000
By Jennifer Chiou
New York, March 30 - Goldman Sachs Group, Inc. priced $70,000 of 0% leveraged buffered index-linked notes due April 3, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, subject to a maximum of 24.75%. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | Russell 2000
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Amount: | $70,000
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Maturity: | April 3, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, subject to a maximum of 24.75%; 1% loss for each 1% drop beyond 10%
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Initial index level: | 821.77
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Pricing date: | March 28
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Settlement date: | March 31
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 2.675%
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Cusip: | 38143URZ6
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