By Susanna Moon
Chicago, May 14 - Goldman Sachs Group, Inc. priced $4.17 million of 0% index-linked digital notes due Oct. 18, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% trigger level, the payout at maturity will be par the threshold settlement amount of $1,106.50 for each $1,000 principal amount.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
The initial index level was set at higher than the actual closing level of the index at pricing, which was 1,357.99.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,168,000
|
| Maturity: | Oct. 18, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10.65% if index falls by 15% or less; 1.1765% loss per 1% drop beyond 15%
|
| Initial index level: | 1,359.24
|
| Pricing date: | May 10
|
| Settlement date: | May 17
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.15%
|
| Cusip: | 38147B166
|
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