Published on 7/29/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.12 million leveraged buffered notes on commodities
By Susanna Moon
Chicago, July 29 - Goldman Sachs Group, Inc. priced $2.12 million of 0% leveraged buffered notes due Aug. 4, 2014 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of copper, with a 34% weight, and contracts for Brent crude, gasoline, soybean and corn, each with a 16.5% weight.
The payout at maturity will be par plus 1.25 times any basket gain.
Investors will receive par if the basket falls by up to 10% and will be exposed to any 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 basket: | Copper (34% weight) and contracts for Brent crude, gasoline, soybean and corn (each with 16.5% weight)
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Amount: | $2,115,000
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Maturity: | Aug. 4, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of index gain; par if index falls by up to 10%; exposure to losses beyond 10%
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Initial levels: | 9,750 for copper, 117.74 for Brent crude, 3.16 for gasoline, 1,376 for soybean and 689 for corn
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Pricing date: | July 27
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Settlement date: | July 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.25%
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Cusip: | 8143UWZ0
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