By Susanna Moon
Chicago, July 22 - Goldman Sachs Group, Inc. priced $2.5 million of 0% index-linked trigger notes due Jan. 25, 2013 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 70% of the initial level during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return, with exposure to losses.
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 par.
J.P. Morgan Securities LLC is the agent with Goldman Sachs & Co. as co-agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.5 million
|
| Maturity: | Jan. 25, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 30% during life of notes, par plus index return with exposure to losses; otherwise, par plus index gain, floor of par
|
| Initial index level: | 1,325.84
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Managers: | J.P. Morgan Securities LLC (agent), Goldman Sachs & Co. (co-agent)
|
| Fees: | 1.4%
|
| Cusip: | 38143UWW7
|
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