Published on 4/11/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.72 million leveraged index-linked notes on Russell
By Susanna Moon
Chicago, April 11 - Goldman Sachs Group, Inc. priced $2.72 million of 0% leveraged index-linked notes due Feb. 14, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to the maximum settlement amount of $1,162 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2,716,000
|
| Maturity: | Feb. 14, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 16.2%; exposure to losses
|
| Initial index level: | 857.02
|
| Pricing date: | April 7
|
| Settlement date: | April 14
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.05%
|
| Cusip: | 38146Q784
|
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