Published on 4/13/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $13.77 million 2% buffered notes linked to indexes, ETFs
By Angela McDaniels
Tacoma, Wash., April 13 - Goldman Sachs Group, Inc. priced $13.77 million of 2% buffered basket-linked notes due Oct. 12, 2015 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 65% weight, the MSCI EAFE index with a 16% weight, the S&P MidCap 400 index with an 8% weight, the iShares MSCI Emerging Markets index fund with a 4% weight, the iShares Dow Jones U.S. Real Estate index fund with a 4% weight and the Russell 2000 index with a 3% weight.
Interest is payable semiannually.
If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum settlement amount of $1,524 per $1,000 principal amount of notes. If the basket return is zero or negative but not below negative 15%, the payout will be par. Investors will lose 1% for every 1% that the basket return is less than negative 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered basket linked-notes
|
| Underlying basket: | S&P 500 index (65% weight), MSCI EAFE index (16% weight), S&P MidCap 400 index (8% weight), iShares MSCI Emerging Markets index fund (4% weight), iShares Dow Jones U.S. Real Estate index fund (4% weight) and Russell 2000 index (3% weight)
|
| Amount: | $13,773,000
|
| Maturity: | Oct. 15, 2015
|
| Coupon: | 2%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus basket return, subject to maximum settlement amount of $1,524 per $1,000 principal amount of notes; if basket return is zero or negative but not below negative 15%, par; 1% loss for every 1% that basket return is less than negative 15%
|
| Initial levels: | 1,368.71 for S&P 500; 1,486.73 for MSCI EAFE; 959.44 for S&P MidCap 400; $41.73 for iShares MSCI Emerging Markets; $60.45 for iShares Dow Jones U.S. Real Estate; 796.59 for Russell 2000
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 38143UT92
|
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