Published on 6/26/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $4.03 million leveraged buffered notes linked to S&P 500
By Marisa Wong
Madison, Wis., June 26 - Goldman Sachs Group, Inc. priced $4.03 million of 0% leveraged buffered index-linked notes due July 10, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will par plus double any index gain, up to a maximum settlement amount $1,137 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% per 1% decline beyond 10%.
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: | $4,029,000
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Maturity: | July 10, 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, return capped at 13.7%; par if index falls by 10% or less; 1.1111% loss for every 1% drop beyond 10%
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Initial level: | 1,335.02
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Pricing date: | June 22
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Settlement date: | June 27
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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: | 38143UZ79
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