New Issue: Goldman Sachs prices $3.97 million index-linked trigger notes linked to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., June 25 - Goldman Sachs Group, Inc. priced $3.97 million of 0% index-linked trigger notes due July 9, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above 80% of the initial index level on every trading day during the life of the notes, the payout at maturity will be par plus the greater of the index return and 1.9%.

If the index ever closes below the 80% trigger level, the payout will be par plus the index return, with full exposure to any losses.

In either case, the maximum settlement amount is $1,150 per $1,000 principal amount of notes.

Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying index:	S&P 500
Amount:	$3,973,000
Maturity:	July 9, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above 80% of initial level on each trading day during life of notes, par plus greater of index return and 1.9%; if index ever closes below 80% trigger level, par plus index return, with exposure to any losses; in either case, maximum payout is $1,150 per $1,000 of notes
Initial index level:	1,592.43
Trigger level:	80% of initial level
Pricing date:	June 21
Settlement date:	June 26
Underwriter:	Goldman Sachs & Co. with J.P. Morgan Securities LLC as placement agent.
Fees:	1.1%
Cusip:	38147QCW4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.