By Susanna Moon
Chicago, March 8 - Goldman Sachs Group, Inc. priced $8.4 million of 0% buffered index-linked digital notes due April 15, 2013 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% trigger level, the payout at maturity will be the maximum settlement amount of $1,093.50 per $1,000 of notes.
Otherwise, investors will lose 1.25% for each 1% that the index declines beyond 20%.
The initial index level set for the notes, 790.24, is higher than the actual closing level of the index at pricing, which was 787.09.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked digital notes
|
Underlying index: | Russell 2000
|
Amount: | $8,403,000
|
Maturity: | April 15, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index falls by 20% or less, par plus 9.35%; 1.25% loss per 1% drop beyond 20%
|
Initial index level: | 790.24
|
Pricing date: | March 6
|
Settlement date: | March 13
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 0.1%
|
Cusip: | 38147A374
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.