By Jennifer Chiou
New York, Aug. 28 - Goldman Sachs Group, Inc. priced $6.5 million of 0% barrier upside notes due Feb. 24, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index exceeds the barrier level - 124.6% of the initial index level - at any time during the life of the notes, the payout at maturity will be 102% of par.
If the index level remains at or below the barrier level at all times, the payout will be:
• Par plus the index return if the final index return is positive; or
• Par if the final index return is negative.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Barrier upside notes
|
| Underlying index: | S&P 500
|
| Amount: | $6.5 million
|
| Maturity: | Feb. 24, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index exceeds the barrier level at any time during the life of the notes, 102% of par; if the index remains at or below the barrier level, par plus any index gain, with a floor of par
|
| Initial index level: | 1,270.64
|
| Barrier level: | 124.6% of initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Sept. 10
|
| 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.
