By Marisa Wong
Madison, Wis., Oct. 12 - Goldman Sachs Group, Inc. priced $28.02 million of 0% index-linked trigger notes due Oct. 24, 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 80% of the initial level during the life of the notes.
If a trigger event never occurs, the payout will be par plus the greater of the index return and a contingent minimum return of 18%.
Otherwise, the payout at maturity will be par plus the index return, with exposure to losses.
In either case, the return will be capped at 23.75%.
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: | $28,019,000
|
| Maturity: | Oct. 24, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 20% during life of notes, par plus index return with exposure to losses; otherwise, par plus any gain with floor of 18%; capped at 23.75% in either case
|
| Initial index level: | 1,155.46
|
| Pricing date: | Oct. 7
|
| Settlement date: | Oct. 13
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38143UF71
|
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