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 2/21/2013 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $753,000 0% buffered notes linked to S&P 500 index

By Jennifer Chiou

New York, Feb. 21 - Goldman Sachs Group, Inc. priced $753,000 of 0% buffered notes due Aug. 20, 2014 linked 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 any index gain, up to a maximum settlement amount of $1,090 for each $1,000 face amount.

Investors will receive par if the index falls by to 10% and will lose 1.1111% for each 1% decline beyond 10%.

Goldman, Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Buffered notes
Underlying index:S&P 500
Amount:$753,000
Maturity:Aug. 20, 2014
Coupon:0%
Payout at maturity:Par plus any index gain, capped at 9%; par if index falls by 10% or more; 1.1111% loss for each 1% drop beyond 10%
Pricing date:Feb. 15
Settlement date:Feb. 25
Underwriter:Goldman, Sachs & Co.
Fees:1.1%
Cusip:38147K356

© 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.