By Jennifer Chiou
New York, July 15 - Goldman Sachs Group, Inc. priced $13.8 million of 0% leveraged index-linked notes due July 16, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum payment of $1,310 for each $1,000 principal amount of notes.
Investors will be exposed to any losses.
The initial index level of 1,668.69 was set higher than the actual closing level of the index on the pricing date, which was 1,675.02.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $13.8 million
|
| Maturity: | July 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, return capped at 31%; exposure to any losses
|
| Initial index level: | 1,668.69
|
| Pricing date: | July 11
|
| Settlement date: | July 18
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.45%
|
| Cusip: | 38147M758
|
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