Published on 12/7/2007 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $8.42 million capped participation notes linked to MSCI World
By Laura Lutz
Des Moines, Dec. 7 - The Goldman Sachs Group, Inc. priced $8.42 million of 0% capped participation notes due June 12, 2009 linked to the MSCI World index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par plus 75% of any gain on the index, capped at a maximum payout equal to 114.25% of par.
Otherwise, the payout will be par times the index performance, subject to a minimum payout equal to 95% of par.
Goldman, Sachs & Co. is the underwriter.
Issuer: | The Goldman Sachs Group, Inc.
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Issue: | Capped participation notes
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Underlying index: | MSCI World index
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Amount: | $8.42 million
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Maturity: | June 12, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 75% of index gain if index return is positive; otherwise, par times index performance; floor equal to 95% of par; capped at 114.25% of par
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Initial level: | 1,604.00
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Pricing date: | Dec. 5
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Settlement date: | Dec. 12
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.15%
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