Published on 4/3/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.63 million leveraged buffered notes tied to S&P 500
By Susanna Moon
Chicago, April 3 - Goldman Sachs Group, Inc. priced $1.63 million of 0% leveraged buffered notes due April 6, 2015 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.08 times any index gain.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,634,000
|
| Maturity: | April 6, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 108% of any index gain; par if index falls up to 20%; exposure to losses beyond 20%
|
| Initial level: | 1,408.47
|
| Pricing date: | March 30
|
| Settlement date: | April 9
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.425%
|
| Cusip: | 38143US69
|
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