By Toni Weeks
San Luis Obispo, Calif., Oct. 2 - Goldman Sachs Group, Inc. priced $10 million of 0% leveraged buffered index-linked notes due Oct. 4, 2017 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 1.035 times the index return.
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 1,682.58 is higher than the actual closing level of the index of 1,681.55 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: | $10 million
|
| Maturity: | Oct. 4, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 103.5% of the index return; par if index falls by up to 20%; 1.25% loss for every 1% decline in the index beyond 20%
|
| Initial index level: | 1,682.58
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.05%
|
| Cusip: | 38147T530
|
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