Published on 12/15/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs sells $300,000 more leveraged notes tied to fund basket
By Susanna Moon
Chicago, Dec. 15 - Goldman Sachs Group, Inc. priced another $300,000 of 0% leveraged basket-linked notes due March 8, 2013 based on a basket of four equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $2.55 million, up from $2.25 million.
The underlying funds are the iShares FTSE/Xinhua China 25 index fund, the iShares MSCI Australia index fund, the iShares MSCI South Korea index fund and the iShares MSCI Taiwan index fund.
The payout at maturity will be par plus double any basket gain, up to a maximum settlement amount of $1,510 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: | Leveraged basket-linked notes
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Underlying basket: | iShares FTSE/Xinhua China 25 index fund, iShares MSCI Australia index fund, iShares MSCI South Korea index fund and iShares MSCI Taiwan index fund, equally weighted
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Amount: | $2,550,000, up from $2.25 million
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Maturity: | March 8, 2013
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Coupon: | 0%
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Price: | Par for $2.25 million; 103.155 for $300,000
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Payout at maturity: | Par plus 200% of any basket gain, capped at 51%; exposure to losses
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Pricing date: | Dec. 1 for $2.25 million; Dec. 13 for $300,000
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Settlement date: | Dec. 8 for $2.25 million; Dec. 16 for $300,000
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.175%
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Cusip: | 38146M478
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