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.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P MidCap 400
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Amount: | $42,495,000
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Maturity: | Nov. 23, 2011
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Coupon: | 0%
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Price: | Par
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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%
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Initial index level: | 836.25
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Pricing date: | Nov. 3
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Settlement date: | Nov. 5
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Agents: | Goldman, Sachs & Co. and JPMorgan
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Fees: | 1.1%
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Cusip: | 38143UPM7
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