By Jennifer Chiou
New York, Oct. 11 - Goldman Sachs Group, Inc. priced $2 million of 0% index-linked notes due Oct. 19, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level and never closes below 73% of the initial level during the life of the notes, the payout at maturity will be par plus the index gain, up to a maximum settlement amount of $1,300 per $1,000 principal amount.
If the index gains but ever dips below the trigger level during the life of the notes, the payout will be par plus the return.
If the index falls but never closes below the trigger level during the life of the notes, the payout will be par plus the absolute value of the index return.
Otherwise, investors will have full exposure to losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $2 million
|
| Maturity: | Oct. 19, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index gain with cap of 30% if index finishes at or above the initial level and never closes below 73% of the initial level during the life of the notes; par plus index return if index gains but ever dips below the trigger level during the life of the notes; par plus absolute value of the index return if index falls but never closes below the trigger level during the life of the notes; otherwise, exposure to losses
|
| Initial index level: | 1,656.40
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 17
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.665%
|
| Cusip: | 38147QZW9
|
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