By Marisa Wong
Madison, Wis., Jan. 29 - Goldman Sachs Group, Inc. priced $7.14 million 0% trigger leveraged notes due Feb. 12, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double or triple any index gain, depending on whether a trigger event has occurred, up to a maximum settlement amount of $1,140 or $1,210 for each $1,000 principal amount.
If the lowest closing level of the index during the observation period, from pricing through April 29, 2013, is above 95% of the initial index level, the upside participation rate will be two times and the maximum settlement amount will be $1,140. Otherwise, the upside participation rate will be three times and the maximum settlement amount will be $1,210.
Investors will be exposed to any losses.
Goldman Sachs & Co. is the underwriter, with JPMorgan as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger leveraged notes
|
| Underlying index: | S&P 500 Index
|
| Amount: | $7,144,000
|
| Maturity: | Feb. 12, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lowest closing level of index from pricing through April 29, 2013 is above 95% of the initial index level, double any gain up to a cap of 14%; otherwise, triple any gain up to a cap of 21%; exposure to any losses
|
| Initial index level: | 1,502.96
|
| Final index level: | Average of index closing levels for five averaging dates ending Feb. 7, 2014
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38141GMN1
|
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