Published on 6/29/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $898,000 index-linked notes tied to S&P 500
By Toni Weeks
San Diego, June 29 - Goldman Sachs Group, Inc. priced $898,000 of 0% index-linked notes due July 2, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be the maximum settlement amount of $1,140 per $1,000 principal amount.
Investors will receive par if the index declines by up to 20% and will be exposed to losses beyond the 20% buffer.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | S&P 500
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Amount: | $898,000
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Maturity: | July 2, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, $1,140 per $1,000 principal amount; par if index declines up to 20%; exposure to losses beyond 20%
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Initial index level: | 1,331.85
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Pricing date: | June 27
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Settlement date: | June 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.675%
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Cusip: | 38143UW64
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