By Angela McDaniels
Tacoma, Wash., Oct. 22 – Goldman Sachs Group, Inc. priced $1.55 million of 0% trigger leveraged notes due Nov. 4, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The observation index level will be the lowest closing level of the index during the observation period, which runs from the pricing date through Jan. 19.
If the final index level is greater than the initial index level and the observation index level is greater than 95% of the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,121.00 per $1,000 principal amount.
If the final index level is greater than the initial index level and the observation index level is equal to or less than 95% of the initial index level, the payout will be par plus 300% of the index return, subject to a maximum settlement amount of $1,181.50 per $1,000 principal amount.
Investors will be fully exposed to the index's decline if the index return is negative.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger leveraged notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,545,000
|
| Maturity: | Nov. 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level and observation index level is greater than 95% of initial index level, par plus 200% of index return, subject to maximum settlement amount of $1,121.00; if final index level is greater than initial index level and observation index level is equal to or less than 95% of initial index level, par plus 300% of index return, subject to maximum settlement amount of $1,181.50; full exposure to any index decline
|
| Initial index level: | 1,886.76
|
| Observation index level: | Lowest closing level of index during from pricing date through Jan. 19
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 22
|
| Underwriter: | Goldman Sachs & Co.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 38147QKZ8
|
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