By Jennifer Chiou
New York, Nov. 15 - Goldman Sachs Group, Inc. priced $2.22 million of 0% index-linked trigger notes due Nov. 28, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index closes below 67% of the initial level during the life of the notes.
If a trigger event does not occur, the payout will be par plus 10%.
Otherwise, the payout at maturity will be par plus the index return, with exposure to losses and the return capped at 20%.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,223,000
|
| Maturity: | Nov. 28, 2012
|
| Coupon: | 0%
|
| Price: | Variable
|
| Payout at maturity: | If index falls by more than 33% during the life of the notes, par plus index return with exposure to losses and cap of 20%; otherwise, par plus 10%
|
| Initial index level: | 1,263.85
|
| Pricing date: | Nov. 11
|
| Settlement date: | Nov. 16
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38143UZP9
|
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