Published on 6/13/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $19.93 million index-linked digital notes on S&P 500
By Jennifer Chiou
New York, June 13 - Goldman Sachs Group, Inc. priced $19,934,000 of 0% index-linked digital notes due July 19, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of the initial level, investors will receive the threshold settlement amount of between $1,080 per $1,000 principal amount.
Investors will lose 1.1765% for every 1% decline beyond the 15% buffer.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked digital notes
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Underlying index: | S&P 500
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Amount: | $19,934,000
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Maturity: | July 19, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 85% of initial level, $1,080 per note; 1.1765% loss for every 1% decline beyond 15%
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Initial level: | 1,326.72
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Pricing date: | June 11
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Settlement date: | June 18
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Agent: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38147B356
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