Published on 12/4/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $212,000 buffered digital notes linked to Russell
By Jennifer Chiou
New York, Dec. 4 - Goldman Sachs Group, Inc. priced $212,000 of 0% buffered digital index-linked notes due Dec. 3, 2015 tied to the Russell 2000 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 $1,220 per $1,000 principal amount of notes.
Investors will receive par for losses up to 20% and will be exposed to any losses beyond the 20% buffer.
Goldman Sachs & Co. and Incapital LLC are the agents.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital index-linked notes
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Underlying index: | Russell 2000
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Amount: | $212,000
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Maturity: | Dec. 3, 2015
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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, $1,220 per $1,000 principal amount of notes; par for losses up to 20%; 1% loss for every 1% index decline beyond 20%
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Initial level: | 813.50
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Buffer level: | 80% of initial level
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Pricing date: | Nov. 28
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Settlement date: | Nov. 30
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Agents: | Goldman Sachs & Co. and Incapital LLC
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Fees: | 3%
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Cusip: | 38141GHM9
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