Published on 7/23/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $6.75 million leveraged buffered notes linked to S&P 500
By Jennifer Chiou
New York, July 23 - Goldman Sachs Group, Inc. priced $6.75 million of 0% leveraged buffered index-linked notes due Jan. 30, 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 double any index gain, subject to a maximum return of 20%. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
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: | S&P 500
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Amount: | $6,751,000
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Maturity: | Jan. 30, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to maximum return of 20%; par if index declines by 15% or less; 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 1,083.80
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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: | 0.15%
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Cusip: | 38145X863
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