New Issue: Goldman Sachs prices $8 million trigger notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 10 - Goldman Sachs Group, Inc. priced $8 million of 0% index-linked trigger notes due Dec. 27, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes below 55.8% of its initial level on any day during the life of the notes, 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 index return, subject to a floor of par.

Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying index:	S&P 500
Amount:	$8 million
Maturity:	Dec. 27, 2011
Coupon:	0%
Price:	Variable
Payout at maturity:	If index closes below 55.8% of initial level on any day during life of notes, par plus index return; otherwise, par plus index return, with floor of par
Initial index level:	1,055.69
Pricing date:	June 9
Settlement date:	June 14
Underwriter:	Goldman, Sachs & Co.
Fees:	0.15%
Cusip:	38143UKG5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.