New Issue: Goldman Sachs prices $4.19 million leveraged notes linked to S&P 500

By Toni Weeks

San Diego, Aug. 31 - Goldman Sachs Group, Inc. priced $4.19 million of 0% leveraged index-linked notes due Oct. 21, 2013 linked 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 four times any index gain, up to a maximum settlement amount of $1,400 per $1,000 principal amount.

Investors will be fully exposes to losses if the index declines.

The initial index level of 1,196.34 is lower than the actual closing level of the index on the pricing date, which was 1,210.08

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500
Amount:	$4,187,000
Maturity:	Oct. 21, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 400% of any index gain, up to a maximum payment of $1,400 per $1,000 principal amount; full exposure to losses
Initial index level:	1,196.34
Pricing date:	Aug. 29
Settlement date:	Sept. 6
Underwriter:	Goldman Sachs & Co.
Fees:	0.175%
Cusip:	38146R121

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.