Published on 4/8/2009 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.76 million leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, April 8 - Goldman Sachs Group, Inc. priced $2.76 million of 0% leveraged buffered equity index-linked notes due July 20, 2010 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 double any index gain, up to a maximum settlement amount of $1,255 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
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: | $2,756,000
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Maturity: | July 20, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at $1,255 per note; par if index falls by up to 20%; lose 1.25% for each 1% decline beyond 20%
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Initial index level: | 832.85
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Pricing date: | April 6
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Settlement date: | April 20
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.1%
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