By Marisa Wong
Madison, Wis., March 29 - Goldman Sachs Group, Inc. priced $13.62 million of 0% index-linked trigger notes due April 10, 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's closing level falls below 80% of the initial level on any day 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.
If a trigger event does not occur, the payout will be par plus the greater of the index return and a contingent minimum return of 3.15%.
In either case, the payout is a subject to a maximum return of 20%.
J.P. Morgan Securities LLC is the lead agent with Goldman Sachs & Co. as co-agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $13,624,000
|
| Maturity: | April 10, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes below 80% of initial level during life of notes, par plus index return; otherwise, par plus greater of index return and 3.15%; in both cases, return capped at 20%
|
| Initial index level: | 1,313.80
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Agents: | J.P. Morgan Securities LLC (lead) and Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38143UTD3
|
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