By Toni Weeks
San Diego, July 24 - Goldman Sachs Group, Inc. priced $6.68 million of 0% index-linked trigger notes due Jan. 29, 2014 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 level falls by more than 32.85% 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 3%.
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: | $6,683,000
|
Maturity: | Jan. 29, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return falls by more than 32.85% during life of notes, par plus index return; otherwise par plus greater of index return and 3%
|
Initial index level: | 1,362.66
|
Pricing date: | July 20
|
Settlement date: | July 25
|
Underwriter: | Goldman Sachs & Co., with J.P. Morgan Securities LLC as agent
|
Fees: | 1.4%
|
Cusip: | 38143U4W8
|
© 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.