By Angela McDaniels
Tacoma, Wash., Feb. 11 - Goldman Sachs Group, Inc. priced $1.94 million of additional 8.5% equity-linked notes due Dec. 16, 2015 linked to the common stock of General Motors Co, according to a 424B2 filing with the Securities and Exchange Commission.
The $2.19 million principal amount of additional notes priced at 88.76. The original $31.5 million principal amount of notes priced at par on Dec. 17. The total issue size is now $33.69 million principal amount.
Interest is payable monthly.
The face amount of each note is $41.69, which is the same as the initial share price.
If the final share price is greater than or equal to the upper strike price, 112% of the initial share price, the payout at maturity will be par plus 0.65% for every 1% that the final share price exceeds the upper strike price.
If the final share price is greater than or equal to the lower strike price, 109.5% of the initial price, and less than the upper strike price, the payout at maturity will be par.
If the final share price is greater than the protection strike price, 77% of the initial share price, and less than the lower strike price, the payout will be par minus 0.9132% for each 1% that the share price declines below the lower strike price.
If the final share price is less than or equal to the protection strike price, the payout will be 70.32% of par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked notes
|
| Underlying stock: | General Motors Co. (Symbol: GM)
|
| Amount: | $33,688,855.20, increased from $31,500,130.20
|
| Maturity: | Dec. 16, 2014
|
| Coupon: | 8.5%, payable monthly
|
| Price: | Par of $41.69 for $31,500,130.20; 88.76% of par for $2,188,725.00
|
| Payout at maturity: | If final share price is greater than or equal to upper strike price, par plus 0.65% for every 1% that final share price exceeds upper strike price; if final share price is greater than or equal to lower strike price and less than upper strike price, par; if final share price is greater than protection strike price and less than lower strike price, e par minus 0.9132% for each 1% that share price declines below lower strike price; if final share price is less than or equal to protection strike price, 70.32% of par
|
| Initial share price: | $41.69
|
| Upper strike price: | $46.693, or 112% of initial price
|
| Lower strike price: | $45.651, or 109.5% of initial price
|
| Protection strike price: | $32.101, or 77% of initial price
|
| Pricing dates: | Dec. 17 for original issue; Feb. 9 for add-on
|
| Settlement dates: | Dec. 24 for original issue; Feb. 12 for add-on
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.05%
|
| Cusip: | 38147V725
|
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