Published on 9/30/2008 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs upsizes leveraged buffered notes linked to S&P 500 to $5.52 million
By Susanna Moon
Chicago, Sept. 30 - Goldman Sachs Group, Inc. priced another $1 million of 0% leveraged buffered equity index-linked notes due Feb. 3, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The add-on priced at 97.625 and brings the deal size to $5.52 million, up from $4.52 million, which priced at par on Sept. 19.
Payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,189 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline 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: | $5,524,000, upsized from $4,524,000
|
Maturity: | Feb. 3, 2010
|
Coupon: | 0%
|
Price: | Par for $4,524,000; 97.625 for $1 million
|
Payout at maturity: | Par plus triple any index gain, up to payout of $1,189 per $1,000 note; par if index falls by up to 15% and loss of 1.1765% for every 1% decline beyond 15%
|
Initial index level: | 1,244
|
Pricing date: | Sept. 19
|
Settlement date: | Oct. 3
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 0.1%
|
© 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.