Published on 1/31/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.82 million buffered digital notes linked to S&P 500
By Susanna Moon
Chicago, Jan. 31 - Goldman Sachs Group, Inc. priced $1.82 million of 0% buffered index-linked digital notes due Jan. 30, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be the threshold settlement amount of $1,162.50 per $1,000 principal amount.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked digital notes
|
Underlying index: | S&P 500 index
|
Amount: | $1,823,000
|
Maturity: | Jan. 30, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 16.25%; par if index falls by up to 20%; exposure to losses beyond 20%
|
Initial level: | 1,316.33
|
Pricing date: | Jan. 27
|
Settlement date: | Jan. 31
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 2.65%
|
Cusip: | 38143UL82
|
© 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.