Published on 7/22/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $17.59 million 0% buffered equity notes tied to S&P 500
By Jennifer Chiou
New York, July 22- Goldman Sachs Group, Inc. priced $17.59 million of 0% buffered equity index-linked notes due Aug. 27, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 85% of the initial level, the payout at maturity will be par plus the greater of the index return and the threshold settlement amount of 25%.
Investors will share in any decline beyond 15%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered equity index-linked notes
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Underlying index: | S&P 500
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Amount: | $17,588,000
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Maturity: | Aug. 27, 2015
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus greater of the index return and the threshold settlement amount of 25% if the final index level is at least 85% of the initial level; investors share in any decline beyond 15%
|
Initial index level: | 1,327.77
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Pricing date: | July 20
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Settlement date: | July 27
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.3%
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Cusip: | 38146Q362
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