Published on 11/22/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.16 million index-linked trigger notes on S&P 500
By Susanna Moon
Chicago, Nov. 22 - Goldman Sachs Group, Inc. priced $5.16 million of 0% index-linked trigger notes due Dec. 5, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index finishes below 80% of the initial level.
If a trigger event does not occur, the payout will be par plus the greater of the index return and 4.5%. Otherwise, the payout will be par plus the index return, with exposure to losses.
The maximum settlement amount is $1,200 per $1,000 principal amount.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500
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Amount: | $5,155,000
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Maturity: | Dec. 5, 2012
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Coupon: | 0%
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Price: | Variable prices
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Payout at maturity: | If final index level is less than 80% of initial level, full exposure to decline; otherwise, par plus index return, subject to minimum return of 4.5% and maximum return of 20%
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Initial index level: | 1,215.65
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Pricing date: | Nov. 18
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Settlement date: | Nov. 23
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Underwriter: | Goldman Sachs & Co., J.P. Morgan Securities LLC (dealer)
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Fees: | 1.1%
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Cusip: | 38143UG70
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