By Jennifer Chiou
New York, Feb. 19 - Goldman Sachs Group, Inc. priced $6,725,000 of 0% index-linked trigger notes due Aug. 19, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above 78% of the initial index level on every trading day during the life of the notes, and the final index level is equal to or greater than the 78% trigger level, the payout at maturity will be par plus the greater of any index gain and zero.
If the index ever closes below the 78% trigger level, or the final index level is less than the 78% trigger level, the payout will be par plus the index return, with full exposure to losses.
The final index level is the average of the closing index levels on the five trading days ending Aug. 14, 2015.
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: | $6,725,000
|
| Maturity: | Aug. 19, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes at or above 78% of initial level on every trading day during the life of the notes and final index level is equal to or greater than the trigger level, par plus greater of any index gain and zero; if index ever closes below trigger level or final index level is less than trigger level, par plus the index return, with full exposure to losses
|
| Initial index level: | 1,838.63
|
| Trigger level: | 78% of initial level
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 38147QPB6
|
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