By Marisa Wong
Madison, Wis., Oct. 16 - Goldman Sachs Group, Inc. priced $17.59 million of 0% leveraged index-linked notes due April 17, 2015 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 gain in the index, subject to a maximum settlement amount of $1,204 per $1,000 principal amount.
If the index return is zero or negative, the payout will be par plus the index return, with full exposure to losses.
The initial index level of 1,694.06 was set lower than the closing level of the index on the pricing date, which was 1,710.14.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $17.59 million
|
| Maturity: | April 17, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 20.4%; full exposure to losses
|
| Initial index level: | 1,694.06
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 21
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.35%
|
| Cusip: | 38147T613
|
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