By Toni Weeks
San Luis Obispo, Calif., March 24 – Goldman Sachs Group, Inc. priced $2.23 million of 0% index-linked trigger notes due March 31, 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be based on the closing levels of the index – the “trigger closing levels” – beginning the day after the pricing date and ending three months after the pricing date, on June 23.
If the index return is zero or positive and every trigger closing level is greater than 95% of the initial index level, the payout at maturity will be $1,072 per $1,000 principal amount of notes.
If the index return is zero or positive and any trigger closing level is equal to or less than 95% of the initial index level, the payout will be $1,144 per $1,000 principal amount of notes.
If the index return is negative, investors will share fully in any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.23 million
|
| Maturity: | March 31, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive and every trigger closing level is greater than 95% of the initial index level, $1,072 per $1,000 principal amount of notes; if index return is zero or positive and any trigger closing level is equal to or less than 95% of the initial index level, $1,144 per $1,000 principal amount of notes; if index return is negative, full exposure to losses
|
| Initial index level: | 2,104.42
|
| Trigger level: | 95% of initial level
|
| Observation period: | March 24 to and including June 23
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38147QXT8
|
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