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 6/24/2011 in the Prospect News Structured Products Daily.

New Issue: Goldman Sachs prices $1.89 million leveraged buffered notes linked to S&P 500, MSCI EAFE

By Angela McDaniels

Tacoma, Wash., June 24 - Goldman Sachs Group, Inc. priced $1.89 million of 0% leveraged buffered basket-linked notes due Jan. 2, 2013, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 67% weight and the MSCI EAFE index with a 33% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 9.6%. Investors will receive par if the basket falls by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Leveraged buffered basket-linked notes
Underlying basket:S&P 500 index (67% weight) and MSCI EAFE index (33% weight)
Amount:$1.89 million
Maturity:Jan. 2, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any basket gain, up to maximum return of 9.6%; par if basket falls by 20% or less; 1.25% loss for every 1% decline beyond 20%
Initial index levels:1,294.71 for S&P 500 and 1,672.29 for MSCI EAFE
Pricing date:June 22
Settlement date:June 29
Underwriter:Goldman Sachs & Co.
Fees:0.15%
Cusip:38146Q289

© 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.