By Jennifer Chiou
New York, March 28 - Goldman Sachs Group, Inc. priced $1,852,000 of 0% leveraged buffered index-linked notes due July 3, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
The 1,409.07 initial index level is higher than the actual closing level of the index at pricing, which was 1,416.51.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,852,000
|
| Maturity: | July 3, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any index gain; par if index falls by up to 15%; 1.1765% loss per 1% drop beyond 15%
|
| Initial index level: | 1,409.07
|
| Pricing date: | March 26
|
| Settlement date: | April 2
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 38147A648
|
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