By Laura Lutz
Des Moines, Jan. 28 - Goldman Sachs Group, Inc. priced $10 million of 1% exchangeable notes due Jan. 31, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable semi-annually.
At any time, holders may exchange their notes for an amount in cash equal to the exchange rate of 0.67305 times the closing level of the index on the exchange notice date.
Goldman Sachs may call the notes for par plus accrued interest at any time.
The payout at maturity will be equal to the greater of par plus accrued interest and the exchange amount on the final observation date.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Exchangeable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $10 million
|
| Maturity: | Jan. 31, 2015
|
| Coupon: | 1%, payable semi-annually
|
| Price: | Par
|
| Payout at maturity: | Greater of par plus accrued interest and exchange amount
|
| Call: | At any time, for par plus accrued interest
|
| Put: | At any time, for cash equal to exchange rate times index level on put notice date
|
| Exchange rate: | 0.67305
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.4%
|
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