By Angela McDaniels
Seattle, April 19 - The Goldman Sachs Group Inc. priced $13.985 million of 0% enhanced-participation notes due April 24, 2009 linked to the MSCI Emerging Markets Index, according to a 424B3 filing with the Securities and Exchange Commission.
Payout at maturity will be based on the index value on the determination date, the fifth trading day prior to maturity:
• If the index value rises, investors will receive par plus 1.5 times the return on the index. The cap on the appreciation of the index is 29.7%, and the corresponding maximum gain for investors is 44.55%.
• Investors will receive par if the index declines by up to 15%.
• If the index declines by more than 15%, investors will receive par less the loss in excess of 15% multiplied by 1.176471.
| Issuer: | The Goldman Sachs Group Inc.
|
| Issue: | Enhanced-participation medium-term notes, series B
|
| Underlying index: | MSCI Emerging Markets Index
|
| Amount: | $13.985 million
|
| Maturity: | April 24, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any return on the index, capped at 44.55%; full exposure to any decline up to 15%; par less the loss in excess of 15% multiplied by 1.176471 for decline of more than 15%
|
| Pricing date: | April 17
|
| Settlement date: | April 24
|
| Calculation agent: | Goldman, Sachs & Co.
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
