Published on 6/10/2009 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $8.47 million leveraged notes linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., June 10 - Goldman Sachs Group, Inc. priced $8.47 million of 0% leveraged equity index fund-linked notes due Dec. 23, 2010 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any increase in the exchange-traded fund's share price, subject to a maximum return of 42.75%. Investors will receive par if the share price declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged equity index fund-linked notes
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $8,465,000
|
| Maturity: | Dec. 23, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any share price gain, up to maximum return of 42.75%; par if share price falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
|
| Initial share price: | $33.113
|
| Pricing date: | June 9
|
| Settlement date: | June 23
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.15%
|
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