By Susanna Moon
Chicago, May 2 - Goldman Sachs Group, Inc. priced $5.3 million of 0% leveraged buffered index-linked notes due Nov. 18, 2013 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 triple any index gain, up to a maximum settlement amount of $1,127.50 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 20% and lose 1.25% for each 1% decline beyond 20%.
The initial index level was set above the actual closing level of the underlying at pricing, which was 1,353.39.
Goldman Sachs & Co. is the underwriter, and JPMorgan is the placement agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $5.3 million
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Maturity: | Nov. 18, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 12.75%; par if index falls by 20% or less; 1.25% loss per 1% drop beyond 20%
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Initial index level: | 1,355.87
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Pricing date: | May 11
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Settlement date: | May 18
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Underwriter: | Goldman Sachs & Co. and JPMorgan (placement agent)
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Fees: | 0.15%
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Cusip: | 38147B190
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