E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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.
Issue:Leveraged basket-linked notes
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
Amount:$2,550,000, up from $2.25 million
Maturity:March 8, 2013
Coupon:0%
Price:Par for $2.25 million; 103.155 for $300,000
Payout at maturity:Par plus 200% of any basket gain, capped at 51%; exposure to losses
Pricing date:Dec. 1 for $2.25 million; Dec. 13 for $300,000
Settlement date:Dec. 8 for $2.25 million; Dec. 16 for $300,000
Underwriter:Goldman Sachs & Co.
Fees:0.175%
Cusip:38146M478

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.