Published on 3/26/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $36 million leveraged notes linked to Russell 3000
By Angela McDaniels
Tacoma, Wash., March 26 - Goldman Sachs Group, Inc. priced $36 million of 0% leveraged notes due June 29, 2009 linked to the Russell 3000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 24.5%. Investors will receive par if the index falls by 5% or less and will lose 1% for each 1% decline beyond 5%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying index: | Russell 3000
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Amount: | $36 million
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Maturity: | June 29, 2009
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at maximum return of 24.5%; par if the index falls by 5% or less; 1% loss for each 1% decline beyond 5%
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Initial index level: | 779.24
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Pricing date: | March 24
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Settlement date: | March 27
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.1%
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