E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/30/2011 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $2.18 million buffered digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 30 - Goldman Sachs Group, Inc. priced $2.18 million of 0% buffered index-linked digital notes Jan. 3, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be $1,235 per $1,000 principal amount of notes. Investors will lose 1% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Buffered index-linked digital notes
Underlying index:S&P 500
Amount:$2,176,000
Maturity:Jan. 3, 2014
Coupon:0%
Price:Par
Payout at maturity:If final index level is at least 90% of initial index level, par plus 23.5%; 1% loss for every 1% that index declines beyond 10%
Initial index level:1,249.64
Pricing date:Dec. 28
Settlement date:Jan. 3
Underwriter:Goldman Sachs & Co.
Fees:0.425%
Cusip:38143UK75

© 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.