Published on 7/10/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.2 million trigger notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 10 - Goldman Sachs Group, Inc. priced $1.2 million of 0% trigger notes due Jan. 15, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level has declined from the initial level by more than 27.5%, investors will be fully exposed to the index's decline. Otherwise, the payout at maturity will be par plus the index return, subject to a minimum payout of par.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | S&P 500
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Amount: | $1,197,000
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Maturity: | Jan. 15, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level has declined from initial level by more than 27.5%, full exposure to index's decline; otherwise, par plus index return, subject to minimum payout of par
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Initial index level: | 1,354.68
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Pricing date: | July 6
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Settlement date: | July 11
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Underwriter: | Goldman Sachs & Co.
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Dealer: | J.P. Morgan Securities LLC
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Fees: | 1.4%
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Cusip: | 38143U4P3
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