Published on 4/3/2009 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $8.64 million leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, April 3 - Goldman Sachs Group, Inc. priced $8.64 million of 0% leveraged buffered equity index-linked notes due April 15, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,585 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
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: | $8,635,000
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Maturity: | April 15, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at $1,585 per note; par if index falls by up to 10%; lose 1.1111% for each 1% decline beyond 10%
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Initial index level: | 785.85
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Pricing date: | April 1
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Settlement date: | April 15
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.175%
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