By Jennifer Chiou
New York, Feb. 10 - Goldman Sachs Group, Inc. priced $3.39 million of 0% underlier-linked trigger notes due Aug. 2, 2012 tied to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index fund share price closes below the initial share price by more than 30% during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the fund return, with exposure to losses. If a trigger event does not occur, the payout will be par plus the greater of the fund return and a contingent minimum return of 13.35%.
In either case, the payout is subject to a maximum settlement amount of $1,200 per $1,000 principal amount of notes.
Goldman, Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked trigger notes
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| Underlying asset: | iShares MSCI Emerging Markets index fund
|
| Amount: | $3,385,000
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| Maturity: | Aug. 2, 2012
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus fund return if fund ever closes lower than 70% of initial level; par plus greater of fund return and 13.35% if trigger event does not occur; cap of 20% in either case
|
| Initial level: | $46.59
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 11
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 0.2%
|
| Cusip: | 38143URL7
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