Published on 12/4/2013 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $3 million leveraged commodity-linked notes tied to gold
By Toni Weeks
San Luis Obispo, Calif., Dec. 4 - Goldman Sachs Group, Inc. priced $3 million of 0% leveraged commodity-linked notes due Dec. 7, 2015 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity return is positive, the payout at maturity will be par plus 150% of the commodity return, subject to a maximum return of $1,318.75 per $1,000 principal amount.
Investors will share in any losses.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Commodity-linked notes
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Underlying commodity: | Gold
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Amount: | $3 million
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Maturity: | Dec. 7, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any increase in price of gold, subject to maximum payment of $1,318.75 per $1,000 principal amount; full exposure to any losses
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Initial price: | $1,229.50
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Pricing date: | Dec. 2
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Settlement date: | Dec. 9
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.65%
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Cusip: | 38147Q2E5
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