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 12/4/2012 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $212,000 buffered digital notes linked to Russell

By Jennifer Chiou

New York, Dec. 4 - Goldman Sachs Group, Inc. priced $212,000 of 0% buffered digital index-linked notes due Dec. 3, 2015 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial index level, the payout at maturity will be the maximum settlement amount of $1,220 per $1,000 principal amount of notes.

Investors will receive par for losses up to 20% and will be exposed to any losses beyond the 20% buffer.

Goldman Sachs & Co. and Incapital LLC are the agents.

Issuer:Goldman Sachs Group, Inc.
Issue:Buffered digital index-linked notes
Underlying index:Russell 2000
Amount:$212,000
Maturity:Dec. 3, 2015
Coupon:0%
Price:Par
Payout at maturity:If index closes at or above initial index level, $1,220 per $1,000 principal amount of notes; par for losses up to 20%; 1% loss for every 1% index decline beyond 20%
Initial level:813.50
Buffer level:80% of initial level
Pricing date:Nov. 28
Settlement date:Nov. 30
Agents:Goldman Sachs & Co. and Incapital LLC
Fees:3%
Cusip:38141GHM9

© 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.