By Jennifer Chiou
New York, Aug. 24 - Goldman Sachs Group, Inc. priced $6.74 million of 0% index-linked trigger notes due Sept. 6, 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 the trigger buffer - 80% of the initial level - during the life of the notes.
If a trigger event never occurs, the payout will be par plus any gain with a contingent minimum return of 8.25%.
Otherwise, the payout at maturity will be par plus the index return, with exposure to losses.
In either case, the maximum return is 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: | $6.74 million
|
| Maturity: | Sept. 6, 2012
|
| Coupon: | 0%
|
| Price: | Variable
|
| 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 8.25%; cap of 20% in either case
|
| Initial index level: | 1,123.53
|
| Pricing date: | Aug. 19
|
| Settlement date: | Aug. 24
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38143UA50
|
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