By Jennifer Chiou
New York, Dec. 20 - Goldman Sachs Group, Inc. priced $2.01 million of 0% index-linked notes due April 25, 2017 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 initial level, the payout at maturity will be par plus any index gain, capped at 30%.
If the index return is negative but the index finishes at or greater than 62.5% of the initial level, and the closing level of the index is at or greater than 62.5% of the initial level on each monthly observation date during the life of the notes, the payout will be par plus the absolute value of the return.
Otherwise, the payout will be par plus the index return, with full exposure to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.01 million
|
| Maturity: | April 25, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus the index return, capped at 30%; if return is negative but index closes at or greater than 62.5% of the initial level and closing level of index is at or greater than 62.5% of the initial level on each monthly observation date during the life of the notes, par plus absolute value of the return; otherwise, par plus index return, with full exposure to any losses
|
| Initial index level: | 1,810.65
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 26
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.07%
|
| Cusip: | 38147Q7J9
|
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