By E. Janene Geiss
Philadelphia, May 3 - The Goldman Sachs Group, Inc. priced a $100 million issue of 0% enhanced participation notes due June 9, 2008 linked to the iShares Emerging Markets Index Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any percentage increase in the fund, subject to a maximum return of 10.6%.
If the fund declines by 10% or less, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | The Goldman Sachs Group, Inc.
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| Issue: | Enhanced participation notes
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| Underlying index: | iShares Emerging Markets Index Fund
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| Amount: | $100 million
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| Maturity: | June 9, 2008
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any fund gain, capped at 10.6%; par if fund falls by 10% or less; 1% loss for each 1% decline beyond 10%
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| Initial fund price: | $122.10
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| Pricing date: | April 30
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| Settlement date: | May 9
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| Underwriter: | Goldman, Sachs & Co.
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| Underwriting discount: | 0.10%
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