New Issue: Goldman Sachs prices $6.14 million digital notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., April 26 - Goldman Sachs Group, Inc. priced $6.14 million of 0% digital index-linked notes due May 13, 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, the payout at maturity will be the greater of the $1,100 threshold settlement amount and par plus the index return, subject to a maximum settlement amount of $1,200 per $1,000 principal amount of notes.

Investors will receive par if the index drops by up to 10% and will lose 1.1111% for every 1% index decline beyond the 10% buffer.

The initial index level of 1,576.42 is lower than the actual closing level of the index at pricing, which was 1,578.79.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$6,141,000
Maturity:	May 13, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus greater of $1,100 and par plus the index return, with maximum payment of $1,200 per $1,000 principal amount; par if index drops by 10% or less; 1.1111% loss for every 1% decline beyond 10% buffer
Initial level:	1,576.42
Buffer level:	90% of initial level
Pricing date:	April 24
Settlement date:	May 1
Agent:	Goldman Sachs & Co.
Fees:	1.675%
Cusip:	38147K885

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