By Marisa Wong
Madison, Wis., March 13 - Goldman Sachs Group, Inc. priced $5 million of autocallable quarterly index-linked notes due March 16, 2020 tied to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest of 7.5% per year will be paid if both indexes close at or above 70% of their respective initial index levels on the quarterly coupon observation date. Otherwise, no coupon will be paid for that quarter.
The notes will be automatically called at par if the closing level of each index is at least its initial level on any quarterly observation date beginning March 11, 2014.
The payout at maturity will be par if the lesser-performing index closes at or above 60% of its initial level.
Otherwise, investors will share fully in the decline of the lesser-performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable quarterly index-linked notes
|
| Underlying indexes: | S&P 500, Euro Stoxx 50
|
| Amount: | $5 million
|
| Maturity: | March 16, 2020
|
| Coupon: | 7.5% per year if both indexes close at or above 70% of respective initial levels on quarterly coupon observation date; otherwise, no coupon will be paid for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par if lesser-performing index closes at or above 60% of initial level; otherwise, investors share fully in decline of lesser-performing index
|
| Call: | Automatically at par if closing level of each index is at least its initial level on any quarterly observation date beginning March 11, 2014
|
| Initial levels: | 1,556.22 for S&P 500 and 2,718.71 for Euro Stoxx 50
|
| Pricing date: | March 11
|
| Settlement date: | March 14
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.4%
|
| Cusip: | 38141GQH0
|
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