By Toni Weeks
San Diego, April 16 - Goldman Sachs Group, Inc. priced $2.98 million of 0% leveraged buffered index-linked notes due Oct. 21, 2013 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level and the final index level will be converted from euros into dollars at the exchange rate then in effect.
If the index gains, the payout at maturity will be par plus three times the index return, subject to a maximum payment of $1,300 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline in the index beyond the 15% buffer.
The initial index level is lower than the closing level of the index at pricing, which was 3,102.13. The initial exchange rate is lower than the actual exchange rate of 1.3188 on the trade date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,978,000
|
| Maturity: | Oct. 21, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 300% of the index return, subject to maximum payment of $1,300 per $1,000 of notes; par if index falls by up to 15%; 1.1765% loss for every 1% decline in the index beyond 15%
|
| Initial index level: | 3,099.55
|
| Initial exchange rate: | 1.3186
|
| Pricing date: | April 12
|
| Settlement date: | April 19
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.15%
|
| Cusip: | 38147A762
|
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