By Marisa Wong
Madison, Wis., Feb. 19 - Goldman Sachs Group, Inc. priced $8.09 million of 0% autocallable leveraged notes due March 4, 2015 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at 119.2% of par if General Motors shares close at or above the call price, 109.6% of the initial share price, on May 29, Aug. 28, 2014 or Nov. 27, 2014.
If the notes are not called and the stock return is positive, the payout at maturity will be par plus 200% of the stock return, subject to a maximum return of 19.2%. If the stock return is negative, investors will have 1-to-1 exposure to the decline.
The final share price will be the average of the closing share prices on the five trading days ending Feb. 27, 2015.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Autocallable leveraged notes
|
| Underlying stock: | General Motors Co. (Symbol: GM)
|
| Amount: | $8,085,000
|
| Maturity: | March 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock return is positive, par plus double stock return, subject to a maximum return of 19.2%; otherwise, investors will have 1-to-1 exposure to the decline
|
| Call: | Automatically at 119.2 if General Motors shares close at or above 109.6% of initial share price on May 29, Aug. 28, 2014 or Nov. 27, 2014
|
| Initial price: | $35.95
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38147QNF9
|
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