By Angela McDaniels
Tacoma, Wash., May 20 - Goldman Sachs Group, Inc. priced $147.78 million of 0% absolute trigger mandatory exchangeable notes due Dec. 28, 2009 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 the initial level, then the payout at maturity will be par plus the index return, subject to a maximum return of 16.6%.
If the final index level is less than the initial level and the index remains above the trigger level - 80% of the initial level - throughout the life of the notes, the payout will be par plus the absolute value of the index return.
If the index falls below the trigger level and finishes below the initial level, then the payout will be par plus the index return.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Absolute trigger mandatory exchangeable notes
|
| Underlying index: | S&P 500
|
| Amount: | $147,775,000
|
| Maturity: | Dec. 28, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at maximum return of 16.6%; par plus absolute value of index return if index finishes below initial level but does not fall below trigger level during life of notes; otherwise, full exposure to index decline
|
| Initial index level: | 905.54
|
| Trigger level: | 724.43, 80% of initial level
|
| Pricing date: | May 18
|
| Settlement date: | May 26
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.05%
|
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