Published on 1/21/2009 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $11.49 million leveraged buffered notes linked to S&P 500
By E. Janene Geiss
Philadelphia, Jan. 21 - Goldman Sachs Group, Inc. priced $11.49 million of 0% leveraged buffered equity index-linked notes due Aug. 2, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,423 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.
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Issue: | Leveraged buffered equity index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $11,492,000
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Maturity: | Aug. 2, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any index gain, capped at $1,423; par if index falls by 15% or less; 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 852.45
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Pricing date: | Jan. 16
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Settlement date: | Feb. 2
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.15%
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