Published on 5/8/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs upsizes 0% notes linked to index, ETF basket to $35.92 million
By Angela McDaniels
Tacoma, Wash., May 8 - Goldman Sachs Group, Inc. priced an additional $926,000 of 0% notes due May 14, 2010 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at 100.87 and bring the total issue size to $35.92 million. The company originally priced $34.99 million of the notes at par on April 30.
The basket includes the S&P 500 index with a 65% weight, the MSCI EAFE index with a 30% weight and the iShares MSCI Emerging Markets index fund with a 5% weight.
The payout at maturity will be par plus 150% of any basket gain, subject to a maximum payout equal to 130.825% of par. Investors will receive par if the basket declines by 10% or less and will lose 1.11% for each 1% that the basket declines beyond 10%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying basket: | S&P 500 index (65% weight), MSCI EAFE index (30% weight) and iShares MSCI Emerging Markets index fund (5% weight)
|
| Amount: | $35,918,000, upsized from $34,992,000
|
| Maturity: | May 14, 2010
|
| Coupon: | 0%
|
| Price: | Par for original issue; 100.87 for add-on
|
| Payout at maturity: | Par plus 150% of any basket gain, capped at maximum return of 30.825%; par if basket declines by 10% or less; 1.11% loss for each 1% that basket declines beyond 10%
|
| Initial levels: | 1,395.7 for S&P 500; 2,139.4 for MSCI EAFE; $145.12 for iShares MSCI Emerging Markets
|
| Pricing dates: | April 30 for original issue; May 6 for add-on
|
| Settlement date: | May 14
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.175%
|
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