By Angela McDaniels
Tacoma, Wash., Feb. 4 - Goldman Sachs Group, Inc. priced $5.51 million of additional 8% equity-linked notes due Jan. 14, 2015 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The initial $31 million of notes priced at par of $55.014 on Jan. 15. The $5.97 million principal amount of additional notes priced at 92.23% of par on Jan. 31. The total issue size is now $36.97 million principal amount.
Interest is payable monthly.
If the final share price is greater than or equal to the upper strike price, 113.5% of the initial price, the payout at maturity will be (a) par of $55.014 plus (b) 0.65 times the difference of the final price minus the upper strike price.
If the final share price is greater than or equal to the lower strike price, 110.5% of the initial price, and less than the upper strike price, the payout will be par.
If the final share price is greater than the protection strike price, 85% of the initial price, and less than the lower strike price, the payout will be (a) 0.9050 times (b) the quotient of the final price divided by the initial price times (c) the $55.014 face amount.
If the final share price is less than or equal to the protection strike price, the payout will be (a) 0.9050 times (b) the protection strike price divided by the initial price times (c) the $55.014 face amount.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked notes
|
| Underlying stock: | Citigroup Inc. (Symbol: C)
|
| Amount: | $36,969,408, increased from $31,000,389
|
| Maturity: | Jan. 14, 2015
|
| Coupon: | 8%, payable monthly
|
| Price: | Par of $55.014 for $31,000,389; 92.23% of par for $5,969,019
|
| Payout at maturity: | If final price is greater than or equal to upper strike price, par plus 0.65 times difference of final price minus upper strike price; if final price is greater than or equal to lower strike price and less than upper strike price, par; if final price is greater than protection strike price and less than lower strike price, 0.9050 times quotient of final price divided by initial price times par; if final price is less than or equal to protection strike price, 0.9050 times quotient of protection strike price divided by initial price times par
|
| Initial share price: | $55.014
|
| Protection strike price: | $46.762, 85% of initial price
|
| Lower strike price: | $60.790, 110.5% of initial price
|
| Upper strike price: | $62.441, 113.5% of initial price
|
| Pricing dates: | Jan. 15 for original issue; Jan. 31 for add-on
|
| Settlement dates: Jan. 23 for original issue; Feb. 5 for add-on
|
| Underwriter: | Goldman Sachs & Co.
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| Fees: | 0.05%
|
| Cusip: | 38147V394
|
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