By Susanna Moon
Chicago, May 31 - Goldman Sachs Group, Inc. priced $1.38 million of 0% buffered index-linked digital notes due Dec. 3, 2015 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial, the payout at maturity will be par the greater of the gain and the threshold settlement amount of $1,200 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
The initial index level was set at higher than the actual closing level of the index at pricing, which was
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered index-linked digital notes
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Underlying index: | Dow Jones industrial average
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Amount: | $1,375,000
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Maturity: | Dec. 3, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus return, floor of 20%; par if index falls by 20% or less; exposure to losses beyond 20%
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Initial index level: | 12,580.69
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Pricing date: | May 29
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Settlement date: | May 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4%
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Cusip: | 38143U3H2
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