By Marisa Wong
Madison, Wis., March 18 - Goldman Sachs Group, Inc. priced $1.64 million of 0% index-linked trigger notes due Sept. 16, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above 79.5% of the initial index level on every trading day during the life of the notes and the final index level is equal to or greater than the 79.5% trigger level, the payout at maturity will be par plus the greater of the index return and zero.
If the index ever closes below the 79.5% trigger level or the final index level is less than the 79.5% trigger level, the payout will be par plus the index return, with full exposure to losses.
The final index level is the average of the closing index levels on the five trading days ending Sept. 11, 2015.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,637,000
|
| Maturity: | Sept. 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes at or above 79.5% of initial level on every trading day during life of notes and final index level is equal to or greater than trigger level, par plus greater of index return and zero; otherwise, par plus index return, with full exposure to losses
|
| Initial index level: | 1,841.13
|
| Trigger level: | 79.5% of initial level
|
| Pricing date: | March 14
|
| Settlement date: | March 19
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 38147QVT0
|
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