By Toni Weeks
San Diego, June 15 - Goldman Sachs Group, Inc. priced $3.88 million of 0% leveraged index-linked notes due July 14, 2014 linked 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 three times any index gain, up to a maximum settlement amount of $1,397.50 per $1,000 principal amount.
Investors will be fully exposed to losses if the index declines.
The initial index level of 1,321.37 is higher than the actual closing level of the index, 1,314.88, on the pricing date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $3.88 million
|
| Maturity: | July 14, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, up to a maximum payment of $1,397.5 per $1,000 principal amount; full exposure to any losses
|
| Initial index level: | 1,321.37
|
| Pricing date: | June 13
|
| Settlement date: | June 20
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.675%
|
| Cusip: | 38147B372
|
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