By Marisa Wong
Madison, Wis., April 24 - Goldman Sachs Group, Inc. priced $9.01 million of 0% index-linked trigger notes due May 8, 2013 tied 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 23% on any day 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 greater of the index return and the contingent minimum return of 5%.
In either case, the maximum settlement amount is $1,150 per $1,000 principal amount of notes.
Goldman Sachs & Co. is the underwriter, and 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: | $9,009,000
|
| Maturity: | May 8, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 23% during life of notes, par plus index return with exposure to losses; otherwise, par plus greater of index return and 5%; in either case, cap of 15%
|
| Initial level: | 1,378.53
|
| Pricing date: | April 20
|
| Settlement date: | April 25
|
| Underwriter: | Goldman Sachs & Co., with J.P. Morgan Securities LLC as dealer
|
| Fees: | 1.1%
|
| Cusip: | 38143U2H3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
