By Jennifer Chiou
New York, Feb. 21 - Goldman Sachs Group, Inc. priced $3,883,000 of 0% buffered notes due June 20, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level of 1,523.88 is higher than the actual closing level of the index on the trade date, 1,519.79.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by to 20% and will lose 1.25% for each 1% decline beyond 20%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $3,883,000
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Maturity: | June 20, 2016
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Coupon: | 0%
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Payout at maturity: | Par plus any index gain; par if index falls by 20% or more; 1.25% loss for each 1% drop beyond 20%
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Initial index level: | 1,523.88
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Pricing date: | Feb. 15
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Settlement date: | Feb. 25
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 2.42%
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Cusip: | 38147K265
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