By Jennifer Chiou
New York, July 24 - Goldman Sachs Group, Inc. priced $4,636,000 of 0% leveraged buffered index-linked notes due Nov. 13, 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 1.5 times any index gain, up to a maximum payment of $1,206.25 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
The initial index level of 1,693.22 was set lower than the actual closing level of the index on the pricing date, which was 1,695.53.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $4,636,000
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Maturity: | Nov. 13, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, with return capped at 20.625%; par if index falls by up to 12.5%; 1.1429% loss per 1% drop beyond 12.5%
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Initial index level: | 1,693.22
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Pricing date: | July 22
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Settlement date: | July 29
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.925%
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Cusip: | 38147M782
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