Published on 3/30/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $5 million leveraged buffered notes on basket of 20 stocks
By Toni Weeks
San Diego, March 30 - Goldman Sachs Group, Inc. priced $5 million of 0% leveraged buffered notes due July 18, 2013 linked to a basket of 20 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted stocks comprising the basket include American Electric Power Co., Inc., AT&T Inc., Automatic Data Processing, Inc., Carnival Corp., Coca-Cola Co., Dow Chemical Co., E.I. du Pont de Nemours and Co., Emerson Electric Co., Limited Brands, Inc., Marsh & McLennan Cos., Inc., Mattel, Inc., Nucor Corp., Paychex, Inc., PepsiCo, Inc., PG&E Corp., PPL Corp., Public Service Enterprise Group Inc., Spectra Energy Corp., Verizon Communications Inc. and Williams Cos., Inc.
If the basket return is positive, the payout at maturity will be par plus 1.25 times the basket return, up to a maximum payment of $1,146.875 per $1,000 note.
Investors will receive par if the basket declines by up to 10% and will lose 1.1111% for every 1% loss beyond the 10% buffer.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered basket-linked notes
|
| Underlying stocks: | American Electric Power Co., Inc., AT&T Inc., Automatic Data Processing, Inc., Carnival Corp., Coca-Cola Co., Dow Chemical Co., E.I. du Pont de Nemours and Co., Emerson Electric Co., Limited Brands, Inc., Marsh & McLennan Cos., Inc., Mattel, Inc., Nucor Corp., Paychex, Inc., PepsiCo, Inc., PG&E Corp., PPL Corp., Public Service Enterprise Group Inc., Spectra Energy Corp., Verizon Communications Inc. and Williams Cos., Inc.
|
| Amount: | $5 million
|
| Maturity: | July 18, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.25 times basket return, subject to maximum payment of $1,146.875 per $1,000 principal amount; par if basket falls up to 10%; 1.1111% loss for every 1% decline beyond 10% buffer
|
| Initial basket level: | 100
|
| Pricing date: | March 27
|
| Settlement date: | April 3
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 38147A580
|
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