By Susanna Moon
Chicago, Aug. 24 - Goldman Sachs Group, Inc. priced $8.2 million of 0% autocallable leveraged buffered index-linked notes due Aug. 27, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 9.55% if the index closes at or above its initial level on the call observation date, which will be Sept. 24, 2013.
The payout at maturity will be par plus 1.5 times any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
The initial index level is lower than the actual closing level of the index at pricing, which was 1,413.49.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $8,196,000
|
| Maturity: | Aug. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; par if index falls by up to 20%; 1.25% loss for every 1% decline in the index beyond 20%
|
| Initial index level: | 1,409.27
|
| Call: | At par plus 9.55% if index closes at or above initial level on Sept. 24, 2013
|
| Pricing date: | Aug. 22
|
| Settlement date: | Aug. 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.47%
|
| Cusip: | 38147B711
|
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