E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/12/2008 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $40.07 million leveraged buffered notes linked to S&P 500

By Jennifer Chiou

New York, Dec. 12 - Goldman Sachs Group, Inc. priced $40.07 million 0% leveraged buffered equity index-linked notes due June 24, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, subject to a maximum payout of $1,528 per $1,000 principal amount. Investors will receive par if the index falls by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged buffered equity index-linked notes
Underlying index:S&P 500
Amount:$40,068,000
Maturity:June 24, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of any index gain, capped at maximum return of 52.8%; par if index falls by 15% or less; 1.1765% loss for every 1% decline beyond 15%
Initial index level:894.89
Pricing date:Dec. 10
Settlement date:Dec. 24
Underwriter:Goldman, Sachs & Co.
Fees:0.15%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.