By Angela McDaniels
Tacoma, Wash., May 11 – Goldman Sachs Group, Inc. priced $50 million of 0% notes due Aug. 12, 2015 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The issue price is 100.64% of par.
The payout at maturity will be par plus the index return. The notes are not principal protected, so investors will receive less than par if that index return is negative.
The initial index level set for the notes, 1,574.40, is lower than the actual closing level of the index on the pricing date, which was 1,574.64.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying index: | Topix
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Amount: | $50 million
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Maturity: | Aug. 12, 2015
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Coupon: | 0%
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Price: | 100.64
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Payout at maturity: | $1,000 plus product of $1,000 times index return
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Initial index level: | 1,574.40
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Pricing date: | May 7
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Settlement date: | May 14
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.3%
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Cusip: | 38146U363
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