Published on 5/12/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $11.53 million leveraged notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., May 12 - Goldman Sachs Group, Inc. priced $11.53 million of 0% leveraged index-linked notes due May 24, 2012 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 triple any index gain, subject to a maximum settlement amount of $1,367.50 per $1,000 principal amount of notes. Investors will be exposed to any index decline.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $11,526,000
|
| Maturity: | May 24, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, up to maximum return of 36.75%; exposure to any index decline
|
| Initial index level: | 1,156.69
|
| Pricing date: | May 10
|
| Settlement date: | May 24
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.175%
|
| Cusip: | 38145W295
|
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