Published on 11/23/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.15 million autocallable buffered notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Nov. 23 - Goldman Sachs Group, Inc. priced $2.15 million of 0% autocallable buffered index-linked notes due Dec. 6, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a premium of 7.3% per year if the index closes at or above the initial index level on May 31, Nov. 29, 2011, May 29, 2012 or Nov. 29, 2012.
If the notes are not called, the payout at maturity will be par if the index declines by 30% or less. Investors will lose 1.4286% for every 1% that the index declines beyond 30%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | Russell 2000
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Amount: | $2,149,000
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Maturity: | Dec. 6, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index falls by 30% or less, par; 1.4286% loss for every 1% decline beyond 30%
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Call: | Automatically at par plus 7.3% per year if index closes at or above initial level on May 31, Nov. 29, 2011, May 29, 2012 or Nov. 29, 2012
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Initial index level: | 724.36
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Pricing date: | Nov. 19
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Settlement date: | Nov. 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.475%
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Cusip: | 38143UNP2
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