By Marisa Wong
Madison, Wis., Nov. 7 - Goldman Sachs Group, Inc. priced $5.14 million of 0% notes due May 10, 2016 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the greater of the index return and 22.35%.
If the index return is negative but greater than or equal to negative 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% decline beyond the 15% buffer.
The initial index level was set lower than the closing level of the index on the pricing date, which was 13,112.44.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $5,142,000
|
| Maturity: | May 10, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus greater of index return and 22.35%; if return is greater than or equal to negative 15%, par; otherwise, 1.1765% loss for every 1% decline beyond 15%
|
| Initial index level: | 13,084.62
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.88%
|
| Cusip: | 38147H379
|
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