By Toni Weeks
San Luis Obispo, Calif., April 26 - Goldman Sachs Group, Inc. priced $3.5 million of 0% buffered S&P 500 index-linked notes due Jan. 12, 2017, 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 the index return. Investors will receive par if the index drops by up to 20% and will lose 1.25% for every 1% index decline beyond the 20% buffer.
The initial index level of 1,579.17 is higher than the actual closing level of the index at pricing, which was 1,578.79.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $3.5 million
|
| Maturity: | Jan. 12, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return; par if index falls up to 20%; 1.25% loss for each 1% decline beyond 20%
|
| Initial index level: | 1,579.17
|
| Pricing date: | April 24
|
| Settlement date: | May 1
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.75%
|
| Cusip: | 38147M113
|
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