By Angela McDaniels
Tacoma, Wash., May 17 - Goldman Sachs Group, Inc. priced $2.95 million of 0% absolute return knock-out notes due Nov. 20, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the index closes below 65% of the initial level on any trading date.
If a knock-out event occurs, the payout at maturity will be par plus the index return, subject to a maximum upside settlement amount of $1,257.50 per $1,000 principal amount of notes. If the index return is negative, investors will receive less than par.
If a knock-out event does not occur and the index return is zero or positive, the payout will be par plus the index return, subject to the maximum upside settlement amount.
If a knock-out event does not occur and the index return is negative, the payout will be par plus the absolute value of the index return.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute return knock-out notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2.95 million
|
| Maturity: | Nov. 20, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If knock-out event occurs, par plus index return, subject to maximum upside settlement amount of $1,257.50 if return is positive; if knock-out event does not occur and index return is zero or positive, par plus index return, subject to maximum upside settlement amount; if knock-out event does not occur and index return is negative, par plus absolute value of index return
|
| Knock-out event: | Index closes below 65% of initial level on any trading date
|
| Initial index level: | 777.36
|
| Pricing date: | May 15
|
| Settlement date: | May 18
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.65%
|
| Cusip: | 38143U4A6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
