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 4/25/2011 in the Prospect News Structured Products Daily.

New Issue: Goldman sells $3.04 million leveraged buffered notes on iShares MSCI EM

By Toni Weeks

San Diego, April 25 - Goldman Sachs Group, Inc. priced $3.04 million 0% leveraged buffered equity index fund-linked notes due April 29, 2013 tied to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be 1.5 times the gain in the fund, subject to a maximum payment of $1,281.25 per $1,000 of notes.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for every 1% decline in the fund beyond 10%.

Goldman Sachs & Co. is the agent.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged buffered index-linked notes
Underlying fund:iShares MSCI Emerging Markets index fund
Amount:$3,037,000
Maturity:April 29, 2013
Coupon:0%
Price:Par
Payout at maturity:If fund return is positive, 1.5 times the fund return, capped at maximum payment of $1,281.25 per $1,000 of notes; par if fund falls by up to 10%; loss of 1.1111% for every 1% decline beyond 10%
Initial level:$49.62
Pricing date:April 20
Settlement date:April 28
Agent:Goldman Sachs & Co.
Fees:0.175%
Cusip:38146Q818

© 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.