Published on 6/26/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $6.53 million leveraged notes linked to S&P 500
By Susanna Moon
Chicago, June 26 - Goldman Sachs Group, Inc. priced $6.53 million of 0% leveraged index-linked notes due July 8, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will par plus triple any index gain, up to a maximum settlement amount $1,360 per $1,000 principal amount.
Investors will be exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500
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Amount: | $6,531,000
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Maturity: | July 8, 2014
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 36%; exposure to any losses
|
Initial level: | 1,335.02
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Pricing date: | June 22
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Settlement date: | June 29
|
Underwriter: | Goldman, Sachs & Co.
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Fees: | 1.8%
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Cusip: | 38147B448
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