New Issue: Goldman prices $8.98 million digital notes linked to oil and gas ETF

By Toni Weeks

San Luis Obispo, Calif., Feb. 2 – Goldman Sachs Group, Inc. priced $8.98 million of 0% digital fund-linked notes due March 3, 2016 tied to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than or equal to negative 15%, the payout at maturity will be $1,141.50 per $1,000 principal amount of notes.

If the fund return is less than negative 15%, investors will lose 1.1765% for every 1% that the fund declines beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Digital fund-linked notes
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production
Amount:	$8,981,000
Maturity:	March 3, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is greater than or equal to negative 15%, $1,141.50 per $1,000 principal amount of notes; otherwise, 1.1765% loss for every 1% that fund declines beyond 15%
Initial fund level:	$44.83
Pricing date:	Jan. 28
Settlement date:	Feb. 4
Underwriter:	Goldman Sachs & Co.
Fees:	0.81%
Cusip:	38148L403

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