By Toni Weeks
San Luis Obispo, Calif., May 6 - Goldman Sachs Group, Inc. priced $3.18 million of 0% index-linked trigger notes due May 5, 2017 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 70.2% of the initial index level, the payout at maturity will be par plus the greater of any index gain and zero.
If the index finishes below the 70.2% 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 May 2, 2017.
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: | $3,177,000
|
| Maturity: | May 5, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above trigger level, par plus greater of index return and zero; otherwise, par plus index return, with exposure to losses
|
| Initial index level: | 1,881.14
|
| Trigger level: | 70.2% of initial level
|
| Pricing date: | May 2
|
| Settlement date: | May 7
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 2.175%
|
| Cusip: | 38147Q4X1
|
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