By Marisa Wong
Madison, Wis., Sept. 4 - Goldman Sachs Group, Inc. priced $6.13 million of 0% leveraged buffered commodity strategy-linked notes due Dec. 7, 2015 on the S&P GSCI Enhanced E96 Excess Return Strategy, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount $1,435 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
The initial level was set lower than the closing level of the index on the pricing date, which was 461.83.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered commodity strategy-linked notes
|
| Underlying index: | S&P GSCI Enhanced E96 Excess Return Strategy
|
| Amount: | $6,133,000
|
| Maturity: | Dec. 7, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum return of 43.5%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial level: | 461.50
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 7
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 2.25%
|
| Cusip: | 38143U6P1
|
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