By Marisa Wong
Madison, Wis., July 16 - Goldman Sachs Group, Inc. priced an additional $16.17 million of 0% leveraged buffered index-linked notes due July 24, 2017 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $86.17 million. Goldman Sachs priced an initial $70 million of the notes on July 9.
The payout at maturity will be par plus 1.5 times any index gain.
Investors will receive par if the index falls by up to 50% and will lose 2% for each 1% decline beyond 50%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $86,165,000 (up from $70 million)
|
| Maturity: | July 24, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; par if index falls by up to 50%; 2% loss per 1% drop beyond 50%
|
| Initial index level: | To be set on July 17
|
| Pricing date: | July 9 for $70 million, July 12 for $16.17 million
|
| Settlement date: | July 23
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 38143UY70
|
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