Published on 7/26/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $42.15 million leveraged index-linked notes on S&P 500
By Jennifer Chiou
New York, July 26 - Goldman Sachs Group, Inc. priced $42.15 million of 0% leveraged index-linked notes due March 1, 2013 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 triple any index gain, up to the maximum settlement amount of $1,217.50 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.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500
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Amount: | $42,149,000
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Maturity: | March 1, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 21.75%; exposure to losses
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Initial index level: | 1,341.32
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Pricing date: | July 22
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Settlement date: | July 29
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Agent: | Goldman, Sachs & Co.
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Fees: | 0.15%
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Cusip: | 38146Q370
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