New Issue: Goldman Sachs prices $2.59 million trigger notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 8 – Goldman Sachs Group, Inc. priced $2.59 million of 0% trigger notes due March 15, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 82.5% of the initial level, the payout at maturity will be par plus the index return, subject to a minimum payout of par. Otherwise, investors will experience a loss proportionate to the index’s decline.

Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying index:	S&P 500
Amount:	$2,585,000
Maturity:	March 15, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 82.5% of initial level, par plus index return, subject to minimum payout of par; otherwise, investors will experience a loss proportionate to index’s decline
Initial index level:	1,948.86
Final index level:	Average of index’s closing levels on five trading days ending March 10, 2017
Pricing date:	Sept. 2
Settlement date:	Sept. 8
Underwriter:	Goldman Sachs & Co.
Agent:	J.P. Morgan Securities LLC
Fees:	1.4%
Cusip:	38148TDV8

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