Published on 4/3/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.45 million leveraged buffered notes tied to S&P 500
By Susanna Moon
Chicago, April 3 - Goldman Sachs Group, Inc. priced $1.45 million of 0% leveraged buffered notes due April 6, 2015 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payment of $1,480 per $1,000 note.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% loss beyond 20%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | S&P 500 index
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Amount: | $1.45 million
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Maturity: | April 6, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% any index gain, capped at 48%; par if index falls up to 20%; 1.25% loss for every 1% drop beyond 20%
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Initial level: | 1,408.47
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Pricing date: | March 30
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Settlement date: | April 9
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Agent: | Goldman Sachs & Co.
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Fees: | 0.425%
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Cusip: | 38143UU25
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