Published on 1/25/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $829,000 notes linked to S&P 500 with 1.5% one-time coupon
By Angela McDaniels
Tacoma, Wash., Jan. 25 - Goldman Sachs Group, Inc. priced $829,000 of equity index-linked notes due Jan. 28, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a one-time coupon of 1.5% on Jan. 28, 2013. No interest will accrue after the interest payment date.
If the index return is greater than or equal to 5%, the payout at maturity will be $1,065 per $1,000 principal amount of notes. If the index return is less than 5%, the payout will be par.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Equity index-linked notes
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Underlying index: | S&P 500
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Amount: | $829,000
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Maturity: | Jan. 28, 2014
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Coupon: | 1.5%, payable on Jan. 28, 2013
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Price: | 99 for certain fee-based advisory accounts, par for other purchasers
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Payout at maturity: | If index return is greater than or equal to 5%, $1,065 per $1,000 principal amount of notes; if index return is less than 5%, par
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Initial index level: | 1,316.00
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Pricing date: | Jan. 23
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Settlement date: | Jan. 26
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.175%
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Cusip: | 38143UK91
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