By Jennifer Chiou
New York, June 12 - Goldman Sachs Group, Inc. priced $28,385,000 of 0% index-linked trigger notes due June 26, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event will occur if the index level falls by more than 20% 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 and will be capped at 15%.
If a trigger event does not occur, the payout at maturity will be par plus the contingent minimum return of 15%.
Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $28,385,000
|
| Maturity: | June 26, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If trigger event occurs, par plus index return with cap of 15%; if trigger event does not occur, par plus 15%
|
| Trigger event: | If index closing level falls by more than 20% on any day during determination period
|
| Initial index level: | 1,325.66
|
| Buffer amount: | 20% of initial level
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
|
| Fees: | 1.1%
|
| Cusip: | 38143UX71
|
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