By Marisa Wong
Madison, Wis., Sept. 7 - Goldman Sachs Group, Inc. priced $2.5 million of 0% buffered commodity-linked notes due Sept. 10, 2015 tied to the spot prices of gold and silver, according to a 424B2 filing with the Securities and Exchange Commission.
Gold has a 60% weight in the basket while silver carries a 40% weight.
The payout at maturity will be par plus any increase in the basket, subject to a maximum settlement amount of $2,300 per $1,000 principal amount.
Investors will receive par for losses up to 25% and will share in losses at a rate of 1.3333% per 1% decline beyond the buffer amount.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered commodity-linked notes
|
| Underlying commodities: | Gold (60% weight) and silver (40% weight)
|
| Amount: | $2.5 million
|
| Maturity: | Sept. 10, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, up to maximum return of 130%; par if index declines by 25% or less; 1.3333% loss for every 1% decline beyond 25%
|
| Initial spot prices: | $1,250.00 for gold and $19.55 for silver
|
| Pricing date: | Sept. 2
|
| Settlement date: | Sept. 10
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 38143UMP3
|
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