Published on 6/18/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $7.71 million leveraged buffered notes on five indexes
By Jennifer Chiou
New York, June 18 - Goldman Sachs Group, Inc. priced $7.71 million of 0% leveraged buffered basket-linked notes due April 23, 2012 linked to a basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 31.8% weight, the Topix index with a 26.5% weight, the FTSE 100 index with a 23.7% weight, the S&P/ASX 200 index with a 9.2% weight and the Swiss Market index with an 8.8% weight.
The payout at maturity will be par plus two times any basket gain, up to the maximum settlement amount of $1,180 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 20% and will be exposed to any losses beyond 20% at a rate of 1.25% per 1% drop beyond the buffer.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered basket-linked notes
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Underlying indexes: | Euro Stoxx 50 (31.8% weight), Topix (26.5% weight), FTSE 100 (23.7% weight), S&P/ASX 200 (9.2% weight), Swiss Market index (8.8% weight)
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Amount: | $7,705,000
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Maturity: | April 23, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any basket gain, capped at 18%; exposure to losses beyond 20% at a rate of 1.25% per 1% drop beyond buffer
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Initial index levels: | Euro Stoxx 50 at 2,736, Topix at 890.50, FTSE 100 at 5,260, S&P/ASX 200 at 4,578, Swiss Market index at 6,506
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Pricing date: | June 16
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Settlement date: | June 23
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.15%
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Cusip: | 38145W246
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