Published on 5/15/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $12.45 million leveraged buffered notes tied to S&P 500
By Susanna Moon
Chicago, May 2 - Goldman Sachs Group, Inc. priced $12.45 million of 0% leveraged buffered index-linked notes due May 30, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,123 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and lose 1.1111% for each 1% decline beyond 10%.
Goldman Sachs & Co. is the underwriter, and JPMorgan is the placement agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $12,447,000
|
Maturity: | May 30, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at 12.3%; par if index falls by 10% or less; 1.1111% loss per 1% drop beyond 10%
|
Initial index level: | 1,353.39
|
Pricing date: | May 11
|
Settlement date: | May 16
|
Underwriter: | Goldman Sachs & Co. and JPMorgan (placement agent)
|
Fees: | 1.1%
|
Cusip: | 38143U3V1
|
© 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.