Published on 10/28/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $573,000 trigger equity index-linked notes on the Dow
By Marisa Wong
Madison, Wis., Oct. 28 - Goldman Sachs Group, Inc. priced $573,000 of 0% trigger equity index-linked notes April 30, 2015 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount of $1,350 and par plus the index return.
Investors will receive par if the index declines by up to 50% and will be fully exposed to losses from the initial level if it drops by 50% or more.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger equity index-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $573,000
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Maturity: | April 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, greater of $1,350 and par plus index return; par if index falls by up to 50%; full exposure to losses if index drops by 50% or more
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Initial level: | 11,869.04
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.25%
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Cusip: | 38143UXZ9
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