Published on 10/8/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $7.06 million leveraged buffered notes linked to Russell 2000
By Susanna Moon
Chicago, Oct. 8 - Goldman Sachs Group, Inc. priced $7.06 million of 0% leveraged buffered equity index-linked notes due April 14, 2010 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,525 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered equity index-linked notes
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Underlying index: | Russell 2000
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Amount: | $7,062,000
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Maturity: | April 14, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at $1,525; par if index falls by up to 15% and 1% loss for every 1% decline beyond 15%
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Initial index level: | 595.91
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Pricing date: | Oct. 6
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Settlement date: | Oct. 14
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.25%
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