By Toni Weeks
San Luis Obispo, Calif., Feb. 20 - Goldman Sachs Group, Inc. priced $5.9 million of 0% index-linked trigger notes due Aug. 20, 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 25% 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 zero.
Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the dealer.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500
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Amount: | $5,899,000
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Maturity: | Aug. 20, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index level falls by more than 25% during life of notes, par plus index return; otherwise, par plus greater of index return and zero
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Initial index level: | 1,519.79
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Trigger level: | 75% of initial level
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Pricing date: | Feb. 15
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Settlement date: | Feb. 21
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Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as dealer
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Fees: | 1.35%
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Cusip: | 38141GNV2
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