New Issue: Goldman Sachs prices $500,000 leveraged notes linked to GM

By Angela McDaniels

Tacoma, Wash., May 13 - Goldman Sachs Group, Inc. priced $500,000 of 0% leveraged notes due May 28, 2015 linked to the common stock of General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus double the stock return, subject to a maximum payment of $1,365 per $1,000 principal amount of notes. If the index return is negative, investors will have one-to-one exposure to the decline.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying stock:	General Motors Co. (Symbol: GM)
Amount:	$500,000
Maturity:	May 28, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus 200% of stock return, subject to maximum payment of $1,365 per $1,000 principal amount of notes; if index return is negative, one-to-one exposure to decline
Initial share price:	$34.23
Final share price:	Average of stock's closing share prices on five trading days ending May 22, 2015
Pricing date:	May 9
Settlement date:	May 14
Underwriter:	Goldman Sachs & Co.
Agent:	J.P. Morgan Securities LLC
Fees:	1.1%
Cusip:	38147Q5U6

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