New Issue: Goldman prices $4.75 million trigger autocallables linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 1 – Goldman Sachs Group, Inc. priced $4.75 million of 0% trigger autocallable optimization securities due June 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call return of 6.55% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 13.1%. If the index return is negative but not below negative 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger autocallable optimization securities
Underlying index:	S&P 500
Amount:	$4,753,200
Maturity:	June 30, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus 13.1%; if index return is negative but not below negative 20%, par; otherwise, full exposure to losses
Call option:	At par plus 6.55% per year if index closes at or above initial level on any quarterly observation date
Initial index level:	2,101.49
Trigger level:	1,681.19, 80% of initial level
Pricing date:	June 26
Settlement date:	June 30
Underwriter:	Goldman Sachs & Co.
Fees:	1.675%
Cusip:	38148W839

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