By Angela McDaniels
Tacoma, Wash., June 27 - Goldman Sachs Group, Inc. priced $2.36 million of 0% index fund-linked medium-term notes, series D, due June 30, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the exchange-traded fund's return is zero or positive, the payout at maturity will be par plus the ETF's return, subject to a maximum payout of $1,300 per $1,000 principal amount of notes.
If the ETF's return is negative and the closing share price does not decline from the initial share price by more than 45% during the life of the notes, the payout will be par plus the absolute value of the ETF's return.
If the ETF's return is negative and the closing share price does decline by more than 45% during the life of the notes, investors will participate fully in the decline of the ETF from its initial price to its final price.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index fund-linked medium-term notes, series D
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $2.36 million
|
| Maturity: | June 30, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF's return is zero or positive, par plus ETF's return, subject to maximum payout of $1,300 per note; if ETF's return is negative and closing share price does not decline by more than 45% during life of notes, par plus absolute value of ETF's return; if ETF's return is negative and closing share price does decline by more than 45% during life of notes, full exposure to decline of ETF
|
| Initial share price: | $37.07
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.925%
|
| Cusip: | 38143U4C2
|
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