Published on 3/30/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.92 million buffered index-linked notes on S&P 500
By E. Janene Geiss
Philadelphia, March 30 - Goldman Sachs Group, Inc. priced $1.92 million of 0% buffered index-linked notes due Oct. 1, 2014 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 any index gain. Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,915,000
|
| Maturity: | Oct. 1, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; 1% loss for each 1% drop beyond 20%
|
| Initial index level: | 1,310.19
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 2.5%
|
| Cusip: | 38143URY9
|
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