Published on 10/3/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $6.19 million leveraged buffered notes tied to iShares MSCI EM
By Susanna Moon
Chicago, Oct. 3 - Goldman Sachs Group, Inc. priced $6.19 million of 0% leveraged buffered index-linked notes due Dec. 4, 2015 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of $1,320 for each $1,000 principal amount.
Investors will receive par if the shares fall by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
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 fund: | iShares MSCI Emerging Markets ETF
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Amount: | $6,192,000
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Maturity: | Dec. 4, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 32%; par if shares fall by up to 10%; 1.1111% loss per 1% drop beyond 10%
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Initial level: | $41.59
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Pricing date: | Oct. 1
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Settlement date: | Oct. 4
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.385%
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Cusip: | 38147QYE0
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