New Issue: Goldman prices $4.44 million leveraged buffered notes tied to S&P 500

By Toni Weeks

San Diego, May 21 - Goldman Sachs Group, Inc. priced $4.44 million of 0% leveraged buffered index-linked notes due July 24, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum payment of $1,292 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% index decline beyond the 20% buffer.

The initial index level of 1,323.02 is higher than the actual closing level of 1,304.86 at pricing.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$4,435,000
Maturity:	July 24, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of the index return, subject to maximum payment of $1,292 per $1,000 principal amount; par if index falls by up to 20%; 1.25% loss for every 1% decline in the index beyond 20%
Initial index level:	1,323.02
Pricing date:	May 17
Settlement date:	May 24
Underwriter:	Goldman Sachs & Co.
Fees:	1.675%
Cusip:	38147B216

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