Published on 6/12/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.6 million leveraged buffered notes tied to S&P 500
By Marisa Wong
Madison, Wis., June 12 - Goldman Sachs Group, Inc. priced $5.6 million of 0% leveraged buffered index-linked notes due June 26, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index gain, subject to a maximum settlement amount of $1,163 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond the 10% buffer.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $5,596,000
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Maturity: | June 26, 2013
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is positive, par plus 200% of index return, payout capped at $1,163; par if index falls by up to 10%; 1.1111% loss for every 1% decline in the index beyond 10%
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Initial index level: | 1,325.66
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Pricing date: | June 8
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Settlement date: | June 13
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38143UX89
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