By Jennifer Chiou
New York, Nov. 1 - Goldman Sachs Group, Inc. priced $10.98 million of 0% leveraged buffered index-linked notes due Nov. 4, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain, subject to a maximum payment of $1,505 per $1,000 principal amount of notes. Investors will receive par if the index falls by 10% or less and will lose 1 % for every 1% the index declines beyond 10%.
The initial index level is higher than the 761 closing level on the pricing date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $10,979,000
|
| Maturity: | Nov. 4, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain, up to maximum return of 50.5%; par if index declines by 10% or less; 1 % loss for every 1% index declines beyond 10%
|
| Initial index level: | 765.90
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 4
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.275%
|
| Cusip: | 38143UZB0
|
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