By Susanna Moon
Chicago, May 21 - Goldman Sachs Group, Inc. priced $5.18 million of 0% index-linked digital notes due Sept. 10, 2013 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 the 80% trigger level, the payout at maturity will be the threshold settlement amount of $1,083 for each $1,000 principal amount.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
The initial index level was set at higher the actual closing level of the underlying at pricing, which was 1,304.86.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked digital notes
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Underlying index: | S&P 500
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Amount: | $5,175,000
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Maturity: | Sept. 10, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index falls by 20% or less, par plus 8.3%; otherwise, 1.25% loss per 1% drop beyond 20%
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Initial index level: | 1,323.02
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Pricing date: | May 17
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Settlement date: | May 24
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 38147B224
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