Published on 3/26/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $3.32 million leveraged notes linked to MSCI EAFE
By Toni Weeks
San Diego, March 26 - Goldman Sachs Group, Inc. priced $3.32 million of 0% leveraged index-linked notes due Sept. 30, 2013 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus four times the index return, subject to a maximum payment of $1,320 per $1,000 of notes.
Investors will be fully exposed to any losses.
The initial index level of 1,545.92 is lower than the closing level at pricing, which was 1,553.81.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | MSCI EAFE
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Amount: | $3,319,000
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Maturity: | Sept. 30, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 400% of the index return, subject to maximum payment of $1,320 per $1,000 of notes; full exposure to any losses
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Initial index level: | 1,545.92
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Pricing date: | March 22
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Settlement date: | March 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.15%
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Cusip: | 38147A564
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