Published on 5/21/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs sells $6.68 million leveraged buffered notes on S&P 500
By Susanna Moon
Chicago, May 21 - Goldman Sachs Group, Inc. priced $6.68 million of 0% leveraged buffered index-linked notes due May 29, 2012 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to the maximum settlement amount of $1,260 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $6,675,000
|
Maturity: | May 29, 2012
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at 26%; 1.25% loss per 1% drop beyond 20%
|
Initial index level: | 1,123.55
|
Pricing date: | May 19
|
Settlement date: | May 26
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 0.275%
|
Cusip: | 38145W378
|
© 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.