By Jennifer Chiou
New York, Sept. 30 - Goldman Sachs Group, Inc. priced $10,018,000 of 0% autocallable buffered notes due Oct. 3, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called if the fund closes at or above the initial price on any of four semiannual call observation dates, which begin on Sept. 26, 2014. The payout will be 107.3% of par if the notes are called on the first observation date, and the call premium will increase by 3.65% for every call observation date thereafter.
If the notes are not called and the fund return is zero or positive, the payout at maturity will be the maximum settlement amount of $1,219 per $1,000 principal amount of notes.
Investors will receive par if the fund declines by up to 25% and will lose 1.3333% for each 1% decline beyond the 25% buffer.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $10,018,000
|
| Maturity: | Oct. 3, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus 21.9%; par if index falls by up to 25%; 1.3333% loss for every 1% that index declines beyond 25%
|
| Call: | Automatically if fund closes at or above the initial price on any semiannual observation dates, beginning on Sept. 26, 2014; payout of 107.3% of par if the notes called on first observation date, increasing by 3.65% for every call observation date thereafter.
|
| Initial level: | $41.72
|
| Pricing date: | Sept. 26
|
| Settlement date: | Oct. 3
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.08%
|
| Cusip: | 38147QWA0
|
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