Published on 3/19/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $3.19 million index-linked trigger notes tied to S&P 500
By Marisa Wong
Madison, Wis., March 19 - Goldman Sachs Group, Inc. priced $3.19 million of 0% index-linked trigger notes due April 2, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above 80% of the initial level on every trading day during the life of the notes, the payout at maturity will be par plus the greater of the index return and zero.
Otherwise, the payout will be par plus the index return with exposure to any losses.
In either case, the payout is subject to a maximum settlement amount of $1,150 per $1,000 principal amount.
Goldman Sachs & Co. is the underwriter with JPMorgan as the placement agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500
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Amount: | $3,187,000
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Maturity: | April 2, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes at or above 80% of initial level on every trading day during life of notes, par plus greater of index return and zero; otherwise, par plus index return with exposure to any losses; in both cases, payout is capped at $1,150 per $1,000 principal amount
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Initial index level: | 1,560.70
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Pricing date: | March 15
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Settlement date: | March 20
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Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.1%
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Cusip: | 38141GQM9
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