By Toni Weeks
San Diego, Dec. 21 - Goldman Sachs Group, Inc. priced $2.35 million of 0% index-linked notes due Dec. 24, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,310 per $1,000 principal amount of notes.
If the index return is negative and the closing level of the index on every trading day during the life of the notes is at least 75% of the initial index level, the payout will be par plus the absolute value of the index return.
If the index return is negative and the index dips below the 75% trigger level on any trading day, investors will be fully exposed to the decline in the index from the initial level.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
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| Amount: | $2.35 million
|
| Maturity: | Dec. 24, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus index return, up to $1,310 per $1,000 principal amount ; if index return is negative and closing level of the index on every trading day during the life of the notes is at least 75% of the initial index level, par plus absolute value of the index return; if index return is negative and index dips below 75% trigger level on any trading day, full exposure to losses from initial level
|
| Initial index level: | 1,435.81
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| Pricing date: | Dec. 19
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| Settlement date: | Dec. 24
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| Underwriters: | Goldman Sachs & Co.
|
| Fees: | 2.175%
|
| Cusip: | 38141GLD4
|
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