By Toni Weeks
San Luis Obispo, Calif., March 25 - Goldman Sachs Group, Inc. priced $7.52 million of 0% index-linked trigger notes due March 30, 2015 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 40% 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, subject to a maximum settlement amount of $1,078 per $1,000 principal amount of notes.
If a trigger event does not occur, the payout at maturity will be par plus 7.8%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $7.52 million
|
| Maturity: | March 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 40% during the life of the notes, par plus index return, capped at 7.8%; otherwise, par plus 7.8%
|
| Initial index level: | 1,545.8
|
| Trigger level: | 60% of initial level
|
| Pricing date: | March 21
|
| Settlement date: | March 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.885%
|
| Cusip: | 38141GRJ5
|
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