Published on 8/12/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $8.71 million leveraged buffered notes with no cap on S&P
By Susanna Moon
Chicago, Aug. 12 - Goldman Sachs Group, Inc. priced $8.71 million of 0% leveraged buffered index-linked notes due Aug. 17, 2016 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 1.62 times any index gain.
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: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $8,706,000
|
| Maturity: | Aug. 17, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 162% of any index gain; 1.3333% loss for each 1% drop beyond 25%
|
| Initial index level: | 1,120.76
|
| Pricing date: | Aug. 10
|
| Settlement date: | Aug. 17
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.6%
|
| Cusip: | 38143UXS5
|
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