By Angela McDaniels
Tacoma, Wash., April 29 – Goldman Sachs Group, Inc. priced $1 million of 0% notes due May 11, 2016 linked to the Euro Stoxx 50 index, 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 index return, subject to a maximum upside settlement amount of $1,120 per $1,000 principal amount of notes.
If the index return is negative and the closing level of the index is equal to or greater than 79.3% of the initial index level on every trading day during the life of the notes, the payout will be par plus the absolute value of the index return.
If the index return is negative and the closing level of the index is less than 79.3% of the initial index level on any trading day during the life of the notes, investors will be fully exposed to the index’s decline.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1 million
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Maturity: | May 11, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, par plus index return, subject to maximum upside settlement amount of $1,120 per $1,000 principal amount of notes; if index return is negative and closing level of index is equal to or greater than 79.3% of initial index level on every trading day during life of notes, par plus absolute value of index return; if index return is negative and closing level of index is less than 79.3% of initial index level on any trading day during life of notes, full exposure to index’s decline
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Initial index level: | 3,713.96
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Pricing date: | April 24
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Settlement date: | May 6
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Underwriter: | Goldman Sachs & Co.
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.1%
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Cusip: | 38147QZT6
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