By Toni Weeks
San Diego, Dec. 27 - Goldman Sachs Group, Inc. priced $1.4 million of 0% leveraged equity-linked notes due March 26, 2014 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus three times any gain in the share price, up to a maximum settlement amount of $1,460.50 per $1,000 principal amount.
Investors will be fully exposed to losses if the share price declines.
The final share price will be the average of the closing prices of the stock on the five trading days beginning March 17, 2014.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged equity-linked notes
|
| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
|
| Amount: | $1,397,000
|
| Maturity: | March 26, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain in the stock price, up to a maximum payment of $1,460.50 per $1,000 principal amount; full exposure to any losses
|
| Initial price: | $519.33
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
|
| Fees: | 1.2%
|
| Cusip: | 38141GLH5
|
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