By Marisa Wong
Madison, Wis., May 21 - Goldman Sachs Group, Inc. priced $13.46 million of additional 8% equity-linked notes due March 14, 2013 linked to the common stock of NetApp, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $32.46 million. The issuer sold an initial $19 million of the notes in March.
Interest is payable monthly.
If the final stock price is equal to or greater than the upper strike price, 116.4% of the initial price, the payout at maturity will be par plus 0.65 times the difference of the final stock price and the upper strike price.
If the final price is equal to or greater than the lower strike price, 112.25% of the initial price, and less than the upper strike price, the payout at maturity will be par.
If the final price is greater than the protection strike price, 80% of the initial price, and less than the lower strike price, the payout will be par times a downside exchange ratio of 1/1.1225 times the quotient of the final price divided by the initial price.
If the final price is less than the protection strike price, the payout will be par times 1/1.1225 times the quotient of the protection strike price divided by the initial price.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked notes
|
| Underlying stock: | NetApp, Inc. (Nasdaq: NTAP)
|
| Amount: | $32,459,942.77, increased from $19,000,092.48
|
| Maturity: | March 14, 2013
|
| Coupon: | 8%, payable monthly
|
| Price: | Par of $43.273 for $19 million; 89.15 for $13,459,850.29
|
| Payout at maturity: | Par plus 0.65 times difference of final stock price and upper strike price if stock closes at or above upper strike price; par if final price is equal to or greater than lower strike price and less than upper strike price; par times 1/1.1225 times quotient of final price divided by initial price if final price is greater than protection strike price and less than lower strike price; par times 1/1.1225 times quotient of protection strike price divided by initial price if final price is less than protection strike price
|
| Initial share price: | $43.273
|
| Lower strike price: | $48.574, 112.25% of initial price
|
| Upper strike price: | $50.37, 116.4% of initial price
|
| Protection strike price: | $36.782, 85% of initial price
|
| Pricing date: | March 15 for $19 million; May 17 for $13,459,850.29
|
| Settlement date: | March 22 for $19 million; May 22 for $13,459,850.29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.5% for original issue; 0.05% for reopened notes
|
| Cusip: | 38147A531
|
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