Published on 7/23/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $6.73 million leveraged notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 23 - Goldman Sachs Group, Inc. priced $6.73 million of 0% leveraged index-linked notes due Sept. 5, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, subject to a maximum return of 37.5%. Investors will be exposed to any index decline.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500
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Amount: | $6,733,000
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Maturity: | Sept. 5, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any index gain, up to maximum return of 37.5%; exposure to any index decline
|
Initial index level: | 1,081.23
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Pricing date: | July 21
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Settlement date: | July 28
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.175%
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Cusip: | 38145X855
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