By Marisa Wong
Madison, Wis., Nov. 1 - Goldman Sachs Group, Inc. priced $8.51 million of 0% digital buffered index-linked notes due Dec. 5, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or finishes flat, the payout at maturity will be the greater of par plus the index return and the threshold settlement amount of $1,305 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline in the index beyond 15%.
The initial level of 1,283.72 is lower than the closing level of the index on the pricing date, which was 1,285.09.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Digital buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $8.51 million
|
| Maturity: | Dec. 5, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains or finishes flat, greater of par plus index return and $1,305 per $1,000 note; par if index falls by up to 15%; 1.1765% loss for every 1% drop beyond 15%
|
| Initial level: | 1,283.72
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 4
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.5%
|
| Cusip: | 38143UZD6
|
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