By Angela McDaniels
Tacoma, Wash., July 10 - Goldman Sachs Group, Inc. priced $1.34 million of 0% trigger notes due July 24, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index declines by more than 23% during the life of the notes, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,100 per $1,000 principal amount of notes. If the index return is negative in this scenario, investors will receive less than par.
If the index does not decline by more than 23% during the life of the notes, the payout at maturity will be par plus 10%.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.34 million
|
| Maturity: | July 24, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index declines by more than 23% during life of notes, par plus index return, subject to maximum return of 10%; otherwise, par plus 10%
|
| Initial index level: | 1,354.68
|
| Pricing date: | July 6
|
| Settlement date: | July 11
|
| Underwriter: | Goldman Sachs & Co.
|
| Dealer: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 38143U4Q1
|
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