Published on 5/27/2009 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $9 million absolute return trigger notes linked to S&P 500
By Jennifer Chiou
New York, May 27 - Goldman Sachs Group, Inc. priced $9 million of 0% absolute return trigger notes due Dec. 7, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index stays at or above the lower barrier and at or below the upper barrier during the life of the notes, at maturity investors will receive par plus the absolute value of the index return, capped at 20.6%.
The upper barrier is 120.6% of the initial level. The lower barrier is 79.4% of the initial level.
Otherwise, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Absolute return trigger notes
|
Underlying index: | S&P 500
|
Amount: | $9,004,000
|
Maturity: | Dec. 7, 2010
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index stays within barrier range, par plus absolute value of index return, capped at 20.6%; otherwise, par
|
Initial index level: | 884.6
|
Lower barrier: | 702.372, 79.4% of initial level
|
Upper barrier: | 1,066.828, 120.6% of initial level
|
Pricing date: | May 22
|
Settlement date: | June 8
|
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.