Published on 8/25/2009 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.09 million buffered notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Aug. 25 - Goldman Sachs Group, Inc. priced $2.09 million of 0% buffered equity index-linked notes due Dec. 8, 2010 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any positive index return, subject to a maximum return of 23.05%. Investors will receive par if the index 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.
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Issue: | Buffered equity index-linked notes
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Underlying index: | Russell 2000
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Amount: | $2,086,000
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Maturity: | Dec. 8, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to maximum return of 23.05%; par if index falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
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Initial index level: | 581.59
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Pricing date: | Aug. 21
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Settlement date: | Aug. 28
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.1%
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