Published on 6/27/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $12.06 million leveraged buffered notes tied to S&P 500
By Toni Weeks
San Diego, June 27 - Goldman Sachs Group, Inc. priced $12.06 million of 0% leveraged buffered index-linked notes due July 2, 2014 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 three times the index return, subject to a maximum payment of $1,213 per $1,000 principal amount of notes.
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.
The initial index level will be the lowest closing level of the index during the observation period, which is every trading day from the pricing date until Aug. 27, inclusive.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $12,055,000
|
Maturity: | July 2, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 300% of the index return, subject to maximum payment of $1,213 per $1,000 principal amount; par if index falls by up to 10%; 1.1111% loss for every 1% decline in the index beyond 10%
|
Initial index level: | Lowest closing level of index from pricing date until Aug. 27, inclusive
|
Pricing date: | June 25
|
Settlement date: | July 2
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 1.675%
|
Cusip: | 38147B463
|
© 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.