By Susanna Moon
Chicago, March 13 - Goldman Sachs Group, Inc. priced $2.9 million of 0% leveraged buffered index-linked notes due March 12, 2015 tied to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 8% if the index closes above its initial level on the call observation date.
The payout at maturity will be par plus 150% of any index gain.
Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline beyond 10%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P Banks Select Industry Index
|
| Amount: | $2,903,000
|
| Maturity: | March 12, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 8% if index closes above initial level on April 8, 2014
|
| Payout at maturity: | Par plus 150% of any index gain; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
|
| Initial index level: | 587.15
|
| Pricing date: | March 8
|
| Settlement date: | March 15
|
| Underwriters: | Goldman, Sachs & Co.
|
| Fees: | 1.75%
|
| Cusip: | 38147K612
|
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