By Toni Weeks
San Diego, Aug. 30 - Goldman Sachs Group, Inc. priced $450,000 of 0% autocallable buffered index-linked notes due Aug. 19, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 3.625% if the worst-performing index closes at or above the initial index level on any of five call dates. The call dates are Nov. 28, Feb. 27, May 29, 2012, Aug. 27, 2012 and Nov. 26, 2012.
If the notes are not called and the level of the worst-performing index on a call observation date closes at or above the coupon trigger level - 70% of the initial level - the issuer will pay a coupon payment of 3.625%. Otherwise, no coupon will be paid for that observation date.
The payout at maturity will be par plus 3.625% unless the index falls by more than 30%, in which case investors will be fully exposed to losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $450,000
|
| Maturity: | Aug. 19, 2013
|
| Coupon: | 3.625% if worst-performing index on any of five call observation dates closes at or above coupon trigger level
|
| Price: | Par
|
| Payout at maturity: | Par plus 3.625% unless the index falls by more than 30%, in which case investors will be exposed to losses
|
| Call: | Automatically at par plus 3.625% if the worst-performing index closes at or above the initial index level on call observation date
|
| Initial level: | 1,176.8 for S&P 500, 691.79 for Russell
|
| Coupon trigger level: | 70% of initial
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 2.65%
|
| Cusip: | 38143UXP1
|
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