Published on 5/1/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.09 million autocallable buffered notes tied to Russell 2000
By Toni Weeks
San Diego, May 1 - Goldman Sachs Group, Inc. priced $1.09 million of 0% autocallable buffered index-linked notes due Nov. 12, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an 8.5% call premium if the index closes at or above the initial index level on the May 6, 2013.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus the great of the index return and 12.75%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | Russell 2000
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Amount: | $1,089,000
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Maturity: | Nov. 12, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, par plus greater of index return and 12.75%; par if index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
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Initial index level: | 825.47
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Call: | At par plus 8.5% on May 6, 2013 if closing level is equal to or greater than 825.47
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Pricing date: | April 27
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Settlement date: | May 4
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.4%
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Cusip: | 38143UQ53
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