By Susanna Moon
Chicago, Sept. 23 - Goldman Sachs Group, Inc. priced $2 million of 0% buffered equity index-linked notes due Oct. 3, 2012 tied to the MSCI All Country World index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 70% of the initial level, the payout at maturity will be the maximum settlement amount of $1,054 per $1,000 principal amount of notes.
Investors will lose 1.4286% for every 1% index decline beyond 30%.
The initial index level of 294.50 is higher than the closing level at pricing, which was 290.41.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Buffered equity index-linked notes
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Underlying index: | MSCI All Country World
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Amount: | $2 million
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Maturity: | Oct. 3, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index falls by up to 30%, par plus 5.4%; 1.4286% loss for every 1% index decline beyond 30%
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Initial index level: | 294.50
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Pricing date: | Sept. 21
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Settlement date: | Sept. 28
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.1%
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Cusip: | 38146R279
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