By Marisa Wong
Madison, Wis., March 8 - Goldman Sachs Group, Inc. priced $22.5 million of 6% equity-linked notes due March 2, 2012 linked to the common stock of WellPoint, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a face value of $67.92, which is equal to the initial share price of WellPoint stock.
Interest is payable monthly.
On the maturity date, investors will receive cash or an equivalent amount of WellPoint International stock in lieu of cash.
If the final share price is greater than or equal to the upper strike price of $75.731, investors will receive par plus 0.65 times the difference between the upper strike price and the final share price.
Investors will receive par if the final share price is greater than or equal to the lower strike price of $74.576 but less than the upper strike price.
If the final share price is greater than the protection strike price of $59.77 and less than the lower strike price, investors will receive par times 0.9107 and multiplied by the quotient of the final share price divided by the initial share price.
If the final share price is less than or equal to the protection strike price, investors will receive par times 0.9107 and multiplied by the quotient of the protection strike price divided by the initial price.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked notes
|
| Underlying stock: | WellPoint Inc. (NYSE: WLP)
|
| Amount: | $22,499,858.40
|
| Maturity: | March 2, 2012
|
| Coupon: | 6%, paid monthly
|
| Price: | Par of $67.92
|
| Payout at maturity: | If final share price is greater than or equal to $75.731, par plus 0.65 times the difference between $75.731 and final share price; if final share price is greater than or equal to $74.576 and less than $75.731, par; if final share price is greater than $59.77 and less than $74.576, par times 0.9107, times the quotient of the final share price divided by initial share price; if final share price is less than or equal to $59.77, par times 0.9107, times the quotient of protection strike price divided by initial share price
|
| Initial price: | $67.92
|
| Upper strike price: | $75.731, 111.5% of initial price
|
| Lower strike price: | $74.576, 109.8% of initial price
|
| Protection strike price: | $59.77, 88% of initial price
|
| Downside exchange ratio: | 0.9107
|
| Upside exchange ratio: | 0.65
|
| Pricing date: | March 4
|
| Settlement date: | March 9
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.05%
|
| Cusip: | 38146M163
|
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