By Angela McDaniels
Tacoma, Wash., June 29 - Goldman Sachs Group, Inc. priced $2.99 million of 0% buffered medium-term notes, series D, due July 7, 2014 linked to the S&P Equal Weight Index - Energy, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return if the index return is positive, subject to a maximum settlement amount of $1,950 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
The initial index level set for the notes, 2,013.40, is lower than the actual closing level of the index on the pricing date, which was 2,017.72.
The index is a modified market capitalization-based index derived from the S&P 500 Equal Weight index, which is the equally weighted version of the S&P 500 index. It tracks companies that operate primarily in the energy sector of the U.S. economy.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered medium-term notes, series D
|
| Underlying index: | S&P Equal Weight Index - Energy
|
| Amount: | $2,985,000
|
| Maturity: | July 7, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return if index return is positive, subject to maximum settlement amount of $1,950 per $1,000 principal amount of notes; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
|
| Initial index level: | 2,013.40
|
| Pricing date: | June 27
|
| Settlement date: | July 5
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.775%
|
| Cusip: | 38147B497
|
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