By Susanna Moon
Chicago, March 16 - Goldman Sachs Group, Inc. priced $18.32 million of 0% leveraged buffered index-linked notes due Nov. 12, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.1 times any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
The initial index level is higher than the actual closing level of the index at pricing, which was 1,394.28.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $18,317,000
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Maturity: | Nov. 12, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any index gain; par if index falls by up to 20%; 1.25% loss per 1% drop beyond 20%
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Initial index level: | 1,397.43
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Pricing date: | March 14
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Settlement date: | March 21
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.175%
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Cusip: | 38147A515
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