E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/5/2010 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $42.5 million leveraged buffered notes on S&P MidCap 400

By Jennifer Chiou

New York, Nov. 5 - Goldman Sachs Group, Inc. priced $42.5 million of 0% leveraged buffered index-linked notes due Nov. 23, 2011 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 15%. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Goldman, Sachs & Co. and JPMorgan are the agents.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying index:S&P MidCap 400
Amount:$42,495,000
Maturity:Nov. 23, 2011
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, up to maximum return of 15%; par if index declines by 10%; 1.1111% loss for each 1% drop beyond 10%
Initial index level:836.25
Pricing date:Nov. 3
Settlement date:Nov. 5
Agents:Goldman, Sachs & Co. and JPMorgan
Fees:1.1%
Cusip:38143UPM7

© 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.