New Issue: Goldman Sachs prices $6.33 million buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 25 - Goldman Sachs Group, Inc. priced $6.33 million of 0% buffered equity index-linked notes due June 13, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 20%, the payout at maturity will be par plus 3.6%. Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.

The initial index level selected by the issuer, 1,317.53, is higher than the actual closing level of the index on the pricing date, which was 1,317.37.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered equity index-linked notes
Underlying index:	S&P 500
Amount:	$6,325,000
Maturity:	June 13, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 20%, par plus 3.6%; otherwise, 1.25% loss for every 1% that index declines beyond 20%
Initial index level:	1,317.53
Pricing date:	May 23
Settlement date:	May 31
Underwriter:	Goldman Sachs & Co.
Fees:	0.1%
Cusip:	38146Q164

© 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.