Published on 5/24/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $3.93 million leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, May 24 - Goldman Sachs Group, Inc. priced $3.93 million of 0% leveraged buffered index-linked notes due May 28, 2015 tied 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 triple any index gain, up to a maximum payment of $1,157.50 per $1,000 principal amount of notes.
Investors will receive par if the index falls 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 index: | S&P 500
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Amount: | $3,925,000
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Maturity: | May 28, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 15.75%; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
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Initial index level: | 1,683.48
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Pricing date: | May 22
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Settlement date: | May 30
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.65%
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Cusip: | 38147M337
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