By Susanna Moon
Chicago, Nov. 22 - Goldman Sachs Group, Inc. priced $20.81 million of 0% index-linked trigger notes due Dec. 5, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index closes below 80% of the initial level during the life of the notes.
If a trigger event does not occur, the payout will be par plus the greater of the index return and 12.5%.
Otherwise, the payout at maturity will be par plus the index return, with exposure to losses.
In either case, the maximum settlement amount will be $1,200 per $1,000 principal amount.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500
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Amount: | $20,811,000
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Maturity: | Dec. 5, 2012
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Coupon: | 0%
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Price: | Variable prices
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Payout at maturity: | If index ever falls by more than 20%, par plus index return with exposure to losses; otherwise, par plus greater of index return and 12.5%; any gains capped at 20%
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Initial index level: | 1,215.65
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Pricing date: | Nov. 18
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Settlement date: | Nov. 23
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Underwriter: | Goldman Sachs & Co., J.P. Morgan Securities LLC (dealer)
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Fees: | 1.1%
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Cusip: | 38143UZY0
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