By Marisa Wong
Madison, Wis., Feb. 29 - Goldman Sachs Group, Inc. priced $8.86 million of 0% index-linked digital notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 80% of the initial level, investors will receive the threshold settlement amount of $1,100 per $1,000 principal amount.
Investors will be exposed to any losses beyond 20% at a rate of 1.25% per 1% drop.
The initial level of 1,360.14 is lower than the actual closing index level on the pricing date, which was 1,367.59.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $8.86 million
|
| Maturity: | Sept. 17, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 80% of initial level, $1,100 per $1,000 principal amount; exposure to losses beyond 20% at a rate of 1.25% per 1% drop
|
| Initial level: | 1,360.14
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 5
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.15%
|
| Cusip: | 38147A358
|
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