Published on 3/22/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $4.4 million leveraged buffered notes on MSCI EAFE
By Toni Weeks
San Diego, March 22 - Goldman Sachs Group, Inc. priced $4.4 million of 0% leveraged buffered index-linked notes due March 25, 2013 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum payment of $1,240 per $1,000 of notes.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% index decline beyond 15%.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | MSCI EAFE index
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Amount: | $4.4 million
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Maturity: | March 25, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus double the index return, capped at maximum payment of $1,240 per $1,000 of notes; par if index falls by up to 15% and loss of 1.1765% for every 1% index decline beyond 15%
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Initial index level: | 1,647.8
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Pricing date: | March 18
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Settlement date: | March 25
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Agent: | Goldman Sachs & Co.
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Fees: | 0.175%
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Cusip: | 38146Q719
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