Published on 12/2/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.8 million five-year buffered notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 2 - Goldman Sachs Group, Inc. priced $1.8 million of 0% buffered notes due Nov. 29, 2018 linked 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 any index gain, up to a maximum return of $1,400 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline beyond 30%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $1,799,000
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Maturity: | Nov. 29, 2018
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 40%; par if index falls by up to 30%; 1% loss per 1% drop beyond 30%
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Initial level: | 1,802.75
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Pricing date: | Nov. 26
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Settlement date: | Nov. 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 5.1%
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Cusip: | 38147QJ23
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