By Toni Weeks
San Diego, Aug. 30 - Goldman Sachs Group, Inc. priced $14.24 million of 0% index-linked trigger notes due Sept. 12, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event will occur if the index level falls by more than 20% during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.
If a trigger event does not occur, the payout at maturity will be par plus the index return, with a minimum return of 11.2%.
In either case, the maximum payment will be $1,200 per $1,000 principal amount of notes.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $14,244,000
|
| Maturity: | Sept. 12, 2012
|
| Coupon: | 0%
|
| Price: | Variable prices
|
| Payout at maturity: | If index falls by more than 20% during life of notes, par plus index return; otherwise par plus index return with minimum return of 11.2%; in either case, maximum payment of $1,200 per $1,000 of notes
|
| Initial index level: | 1,176.8
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as dealer
|
| Fees: | 1.1%
|
| Cusip: | 38143UB59
|
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