Published on 12/13/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $21.41 million index-linked trigger notes on S&P 500
By Jennifer Chiou
New York, Dec. 13 - Goldman Sachs Group, Inc. priced $21.41 million of 0% index-linked trigger notes due June 19, 2013 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 closes below 72% of the initial level on June 14, 2013, the determination date.
If a trigger event does not occur, the payout will be par plus the greater of the index return and zero.
Otherwise, the payout at maturity will be par plus the index return, with exposure to losses.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
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: | $21,406,000
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Maturity: | June 19, 2013
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Coupon: | 0%
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Price: | Variable
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Payout at maturity: | If index falls by more than 28% on June 14, 2013, par plus index return with exposure to losses; otherwise, par plus any gain with floor of zero
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Initial index level: | 1,255.19
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Pricing date: | Dec. 9
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Settlement date: | Dec. 14
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Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.4%
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Cusip: | 38143UJ36
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