By Toni Weeks
San Diego, March 12 - Goldman Sachs Group, Inc. priced $5.25 million of 0% buffered index-linked digital notes due Sept. 16, 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 85% trigger level, the payout at maturity will be the maximum settlement amount of $1,167.50 per $1,000 of notes.
Otherwise, investors will lose 1.1765% for each 1% that the index declines beyond 15%.
The initial index level set for the notes, 798.58, is lower than the actual closing level of the index at pricing, which was 806.34.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $5.25 million
|
| Maturity: | Sept. 16, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by 15% or less, par plus 16.75%; 1.1765% loss per 1% drop beyond 15%
|
| Initial index level: | 798.58
|
| Pricing date: | March 8
|
| Settlement date: | March 15
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.15%
|
| Cusip: | 38147A481
|
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