Published on 5/27/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $312,000 buffered index-linked notes tied to S&P 500
By Susanna Moon
Chicago, May 27 - Goldman Sachs Group, Inc. priced $312,000 of 0% buffered index-linked notes due Dec. 1, 2014 tied 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 any index gain.
Investors will receive par if the index falls by up to 20% and will be exposed to any decline beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $312,000
|
| Maturity: | Dec. 1, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; exposure to losses beyond 20%
|
| Initial level: | 1,320.47
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 2%
|
| Cusip: | 38143UUK5
|
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