Published on 7/24/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $10.51 million leveraged buffered notes tied to S&P 500
By Susanna Moon
Chicago, July 24 - Goldman Sachs Group, Inc. priced $10.51 million of 0% leveraged buffered index-linked notes due Aug. 7, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,128.40 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% decline beyond the 10% buffer.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
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: | $10,505,000
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Maturity: | Aug. 7, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 12.84%; 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: | 1,362.66
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Pricing date: | July 20
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Settlement date: | July 25
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Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.1%
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Cusip: | 38143U4X6
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