By Jennifer Chiou
New York, July 24 - Goldman Sachs Group, Inc. priced $9,437,000 of 0% leveraged buffered index-linked notes due Jan. 27, 2015 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payment of $1,183.75 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
The initial index level of 1,152.30 was set lower than the actual closing level of the index on the pricing date, which was 1,053.41.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $9,437,000
|
| Maturity: | Jan. 27, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, with return capped at 18.375%; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
|
| Initial index level: | 1,152.30
|
| Pricing date: | July 22
|
| Settlement date: | July 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38147M774
|
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