New Issue: Goldman Sachs prices $2.03 million buffered S&P 500-linked notes

By Toni Weeks

San Luis Obispo, Calif., Dec. 26 - Goldman Sachs Group, Inc. priced $2.03 million of 0% buffered notes due Jan. 7, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement of $1,178 per $1,000 principal amount of notes. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline in the index beyond 15%.

The initial index level of 1,827.119 is lower than the actual closing level of the index at pricing, which was 1,827.99.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$2,025,000
Maturity:	Jan. 7, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus the index return, with maximum settlement of $1,178 per $1,000 of notes; par if index falls by up to 15%; 1.1765% loss for every 1% decline in index beyond 15%
Initial index level:	1,827.119
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Underwriters:	Goldman Sachs & Co.
Fees:	1.475%
Cusip:	38147V279

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