New Issue: Goldman sells $1.1 million more buffered index-linked notes on S&P 500

By Susanna Moon

Chicago, Feb. 28 - Goldman Sachs Group, Inc. priced $1.1 million of 0% buffered index-linked notes due Aug. 30, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $5.65 million, up from $4.55 million.

The payout at maturity will be par plus any index gain, up to a maximum return of $1,100 per $1,000 note.

Investors will receive par if the index falls by up to 30% and lose 1.4286% per 1% drop beyond 30%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$5,647,000, up from $4.55 million
Maturity:	Aug. 30, 2013
Coupon:	0%
Price:	Par for $4.55 million; 100.3 for $1,097,000
Payout at maturity:	Par plus any index gain, capped at 10%; par if index falls by up to 30%; 1.4286% loss per 1% drop beyond 30%
Initial level:	1,351.95
Pricing dates:	Feb. 9 for $4.55 million; Feb. 24 for $1,097,000
Settlement dates:	Feb. 16 for $4.55 million; March 2 for $1,097,000
Underwriter:	Goldman Sachs & Co.
Fees:	0.15% for $4.55 million; 0.1% for $1,097,000
Cusip:	38147A184

© 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.