New Issue: Goldman Sachs prices $7.4 million digital notes linked to S&P 500

By Toni Weeks

San Diego, Dec. 5 - Goldman Sachs Group, Inc. priced $7.4 million of 0% digital index-linked notes due March 6, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the 85% threshold level, the payout at maturity will be the maximum settlement amount of $1,060 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

The initial index level of 1,417.03 is higher than the actual closing level of the index at pricing, which was 1,409.46.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$7,396,000
Maturity:	March 6, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above 85% of initial index level, $1,060 per $1,000 of notes; otherwise 1.1765% loss for every 1% index decline beyond 15%
Initial level:	1,417.03
Barrier level:	85% of initial level
Pricing date:	Dec. 3
Settlement date:	Dec. 10
Agent:	Goldman Sachs & Co.
Fees:	0.82%
Cusip:	38147H478

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