By Jennifer Chiou
New York, March 11 - Goldman Sachs Group, Inc. priced $4 million of 0% digital index-linked notes due April 10, 2015 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 10%, the payout at maturity will be $1,073 per $1,000 principal amount of notes.
If the index return is less than negative 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
The issuer will determine the U.S. dollar value of the index by multiplying the closing level of the index on the relevant trading day by the USD/EUR exchange rate on that day. Any appreciation of the dollar between the trade date and the determination date against the euro will negatively impact the return on the index and on the notes.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4 million
|
| Maturity: | April 10, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to negative 10%, $1,073 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
|
| Initial index level: | 4,290.409191
|
| Pricing date: | March 7
|
| Settlement date: | March 14
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.75%
|
| Cusip: | 38148A464
|
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