New Issue: Goldman prices $7.08 million leveraged index-linked notes on S&P 500

By Marisa Wong

Madison, Wis., Nov. 20 - Goldman Sachs Group, Inc. priced $7.08 million of 0% leveraged index-linked notes due Dec. 4, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The final index level will be equal to the average of the index closing levels for the five trading dates ending Nov. 29, 2013.

If the index return is positive, the payout at maturity will be par plus double the index gain, subject to a maximum payment of $1,194 per $1,000 principal amount. Investors will be exposed to any losses.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500
Amount:	$7,077,000
Maturity:	Dec. 4, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum payment of $1,194 per $1,000 principal amount; exposure to losses
Initial index level:	1,359.88
Final index level:	Average of index closing levels for five trading dates ending Nov. 29, 2013
Pricing date:	Nov. 16
Settlement date:	Nov. 21
Underwriters:	Goldman, Sachs & Co.
Fees:	1.1%
Cusip:	38141GJF2

© 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.