Published on 9/5/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $325,000 buffered digital notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Sept. 5 - Goldman Sachs Group, Inc. priced $325,000 of 0% buffered digital notes due Oct. 7, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be $1,080 per $1,000 principal amount of notes if the index return is greater than or equal to negative 15%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital notes
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Underlying index: | Russell 2000
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Amount: | $325,000
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Maturity: | Oct. 7, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | $1,080 per $1,000 principal amount of notes if index return is greater than or equal to negative 15%; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 812.09
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Pricing date: | Aug. 31
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Settlement date: | Sept. 10
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.35%
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Cusip: | 38143U5S6
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