By Marisa Wong
Madison, Wis., Oct. 2 - Goldman Sachs Group, Inc. priced $4.64 million of 0% notes due Oct. 7, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive and the closing level of the index is greater than or equal to 73% of the initial level on every trading day during the life of the notes, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,300 per $1,000 principal amount.
If the index return is zero or positive but the closing level of the index is less than 73% of the initial level on any trading day during the life of the notes, the payout will be par.
If the index return is negative and the closing level of the index is greater than or equal to 73% of the initial level on every trading day during the life of the notes, the payout will be par plus the absolute value of the index return.
If the index return is negative and the closing level of the index is less than 73% of the initial level on any trading day during the life of the notes, the payout will be par plus the index return with full exposure to losses.
Goldman Sachs & Co. will be the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,635,000
|
| Maturity: | Oct. 7, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive and closing level of index is greater than or equal to 73% of initial level on every trading day during life of notes, par plus index return, capped at 30%; if index return is zero or positive but closing level of index is less than 73% of initial level on any trading day during life of notes, par; if index return is negative and closing level of index is greater than or equal to 73% of initial level on every trading day during life of notes, par plus absolute value of index return; otherwise, par plus index return with full exposure to losses
|
| Initial index level: | 1,681.55
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 7
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.665%
|
| Cusip: | 38147QUE4
|
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