By Susanna Moon
Chicago, April 24 - Goldman Sachs Group, Inc. priced $7.49 million of 0% leveraged buffered index-linked notes due Oct. 27, 2014 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 double any index gain, up to a maximum settlement amount of $1,304 per $1,000 principal amount.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
The initial index level was set higher than the actual closing level of the index at pricing, which was 1,378.53.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $7,485,000
|
| Maturity: | Oct. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 30.4%; par if index falls by up to 20%; 1.25% loss per 1% decline beyond 20%
|
| Initial index level: | 1,382.56
|
| Pricing date: | April 20
|
| Settlement date: | April 27
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.175%
|
| Cusip: | 38147A689
|
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