Published on 8/30/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $267,000 notes linked to S&P 500, Russell 2000
By Angela McDaniels
Tacoma, Wash., Aug. 30 - Goldman Sachs Group, Inc. priced $267,000 of 0% index-linked notes due Sept. 3, 2014 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing level of neither index declines by more than 40% during the life of the notes, the payout at maturity will be par plus the greater of (a) the lesser-performing index's return and (b) 13.5%.
If the closing level of either index declines by more than 40% during the life of the notes, the payout will be par plus the return of the lesser-performing index, which could be positive or negative.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $267,000
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Maturity: | Sept. 3, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If closing level of either index declines by more than 40% during life of notes, par plus return of lesser-performing index, which could be positive or negative; otherwise, par plus greater of (a) lesser performing index's return and (b) 13.5%
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Initial index levels: | 1,409.30 for S&P 500 and 814.28 for Russell 2000
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.175%
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Cusip: | 38143U5U1
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