Published on 8/6/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs sells $2.39 million buffered index-linked notes on S&P 500
By Susanna Moon
Chicago, Aug. 6 - Goldman Sachs Group, Inc. priced $2.39 million of 0% buffered index-linked notes due July 19, 2013 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,550 per $1,000 principal amount.
Investors will receive par if the index falls by up to 25% and will lose 1.3333% for each 1% decline beyond 25%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $2.39 million
|
Maturity: | July 19, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at 55%; 1.3333% loss for each 1% drop beyond 25%
|
Initial index level: | 1,127.75
|
Pricing date: | Aug. 5
|
Settlement date: | Aug. 11
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 1.75%
|
Cusip: | 38145X657
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.