Published on 7/5/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.37 million leveraged buffered notes on MSCI EAFE
By Toni Weeks
San Diego, July 5 - Goldman Sachs Group, Inc. priced $2.37 million of 0% leveraged buffered index-linked notes due July 10, 2014 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum payment of $1,535.50 per $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond 10%.
The initial index level of 1,430.92 is lower than the closing level at pricing, which was 1,431.87.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | MSCI EAFE
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Amount: | $2,365,000
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Maturity: | July 10, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of the index return, subject to maximum payment of $1,535.50 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for every 1% decline in the index beyond 10%
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Initial index level: | 1,430.92
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Pricing date: | July 2
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Settlement date: | July 10
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.8%
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Cusip: | 38147B562
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