By Jennifer Chiou
New York, Nov. 8 - Goldman Sachs Group, Inc. priced $14.19 million of 0% index-linked trigger notes due Nov. 28, 2011 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index closes below the initial index level by more than the 25% trigger buffer during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative. Otherwise, the payout will be par plus the greater of the index return and 3.5%.
In each case, the payout is subject to a maximum settlement amount of $1,200 per $1,000 principal amount of notes.
Goldman, Sachs & Co. and JPMorgan are the agents.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $14,193,000
|
| Maturity: | Nov. 28, 2011
|
| Coupon: | 0%
|
| Price: | Variable
|
| Payout at maturity: | If index falls by more than 25% during life of notes, par plus index return; otherwise, par plus greater of index return and 3.5%; return capped at 20% in each case
|
| Initial index level: | 855.86
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 9
|
| Agents: | Goldman, Sachs & Co. and JPMorgan
|
| Fees: | 1.1%
|
| Cusip: | 38143UPN5
|
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