By Angela McDaniels
Tacoma, Wash., May 7 - Goldman Sachs Group, Inc. priced $1.67 million of 0% index-linked trigger notes due May 21, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the closing level of the index is greater than or equal to 80% of the initial level on every day during the life of the notes, the payout at maturity will be par plus the greater of zero and the index return.
If the closing level of the index is less than 80% of the initial level on any day during the life of the notes, the return on the notes will equal the index return.
In each case, the payout will be subject to a maximum return of 15%.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as dealer.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.67 million
|
| Maturity: | May 21, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closing level is greater than or equal to 80% of initial level on every day during life of notes, par plus greater of zero and index return; if index closing level is less than 80% of initial level on any day during life of notes, return on notes will equal index return; return capped at 15% in each case
|
| Initial index level: | 1,614.42
|
| Pricing date: | May 3
|
| Settlement date: | May 8
|
| Underwriter: | Goldman Sachs & Co.
|
| Dealer: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 38141GTA2
|
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