Published on 1/24/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $5.19 million buffered notes tied to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Jan. 24 - Goldman Sachs Group, Inc. priced $5.19 million of 0% buffered index-linked notes due Aug. 8, 2014 linked to the Euro Stoxx 50 index converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.
If the final adjusted index level is greater than or equal to the initial adjusted index level, the payout at maturity will be par plus the index return, subject to a minimum payout of $1,100 and a maximum payout of $1,300. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
The initial adjusted index level is 3,605.0266. It is lower than the actual adjusted closing level of the index on the trade date, which is 3,609.40762, and it was converted using an exchange rate of 1.3289, which is lower than the actual exchange rate on the trade date (1.33). The final index level will be converted into dollars from euros at the exchange rate then in effect.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50 index converted into dollars
|
| Amount: | $5,193,000
|
| Maturity: | Aug. 8, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final adjusted index level is greater than or equal to initial adjusted index level, par plus index return, subject to minimum payout of $1,100 and maximum payout of $1,300; par if index declines by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
|
| Initial adjusted index level: | 3,605.0266
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.15%
|
| Cusip: | 38147K133
|
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