By Toni Weeks
San Luis Obispo, Calif., Feb. 12 - Goldman Sachs Group, Inc. priced $1 million of 0% index-linked trigger notes due Feb. 11, 2016 tied to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 65% of the initial index level, the payout at maturity will be par plus the 4.3%.
If the index finishes below the 65% 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 Feb. 8, 2016.
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: | Nikkei 225
|
| Amount: | $1 million
|
| Maturity: | Feb. 11, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 65% of the initial index level, par plus 4.3%; otherwise, par plus index return, with full exposure to losses
|
| Initial index level: | 14,462.41
|
| Trigger level: | 65% of initial level
|
| Pricing date: | Feb. 7
|
| Settlement date: | Feb. 12
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.65%
|
| Cusip: | 38147QLT1
|
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