By Jennifer Chiou
New York, Dec. 10 - Goldman Sachs Group, Inc. priced $5,403,000 of 0% index-linked trigger notes due Dec. 24, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if either (i) the closing level of the index falls below the initial level by more than the 17.75% trigger buffer amount during the measurement period or (ii) the final index level falls by more than the trigger buffer amount. The measurement period is every trading date from the pricing date to the Dec. 15, 2014 first averaging date.
If a trigger event does not occur, the payout at maturity will be par plus the index return, with a floor of par.
If a trigger event occurs, the payout will be par plus the index return, with full exposure to any losses.
The final index level is the average of the closing index levels on the five trading days ending Dec. 19, 2014.
Goldman Sachs & Co. is the underwriter. 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: | $5,403,000
|
| Maturity: | Dec. 24, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Trigger event: | Occurs if either (i) the closing level of the index falls below the initial level by more than the 17.75% trigger buffer amount during the measurement period or (ii) the final index level falls by more than the trigger buffer amount; measurement period is every trading date from the pricing date to the first averaging date
|
| Payout at maturity: | If trigger event does not occur, par plus the index return, with a floor of par; otherwise, par plus index return, with full exposure to any losses
|
| Initial index level: | 1,805.09
|
| Trigger level: | 82.25% of initial level
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 11
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38147Q3N4
|
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