Published on 5/18/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $1.76 million leveraged buffered notes linked to index basket
By Toni Weeks
San Diego, May 18 - Goldman Sachs Group, Inc. priced $1.76 million of 0% leveraged buffered basket-linked notes due May 18, 2015 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index, with a 75% weight, and the MSCI EAFE index, with a 25% weight.
The payout at maturity will be par plus 1.2 times the basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the agent.
Issuer: | Goldman Sachs Group:
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Issue: | Leveraged buffered basket-linked notes
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Underlying indexes: | S&P 500, with 75% weight, and MSCI EAFE index, with 25% weight
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Amount: | $1.76 million
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Maturity: | May 18, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times basket gain; par if basket falls by up to 20%, loss of 1.25% for every 1% decline beyond 20%
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Initial levels: | 1,333.8 for S&P 500, 1,702.1 for MSCI EAFE
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Pricing date: | May 16
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Settlement date: | May 23
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Agent: | Goldman Sachs & Co.
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Fees: | 0.3%
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Cusip: | 38146Q883
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