By Laura Lutz
Des Moines, Dec. 13 - Goldman Sachs Group Inc. priced a $10.26 million issue of 0% leveraged equity index-linked notes due Dec. 26, 2008 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 35% weight and the MSCI EAFE index with a 65% weight.
If the final basket level is at least the initial level, the payout at maturity will be par plus triple any gain on the index. The payout is capped at 105% of par.
If the basket declines by up to 10%, the payout will be par. Investors will lose 1.1111% for each 1% that the basket declines beyond 10%.
Goldman, Sachs & Co. will be the agent.
Issuer: | Goldman Sachs Group Inc.
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Issue: | Leveraged equity index-linked notes
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Underlying indexes: | S&P 500 index with 35% weight, MSCI EAFE index with 65% weight
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Amount: | $10,261,000
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Maturity: | Dec. 26, 2008
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final basket level is at least initial level, par plus triple any gain on the index with payout capped at 105% of par; par if basket declines by up to 10%; investors lose 1.1111% for each 1% index decline beyond 10%
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Pricing date: | Dec. 11
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Settlement date: | Dec. 14
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Agent: | Goldman, Sachs & Co.
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Fees: | 0.1%
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