By Angela McDaniels
Tacoma, Wash., Aug. 13 - Goldman Sachs Group, Inc. priced $2.39 million of 0% trigger notes due Aug. 27, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index's closing level 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 index return, subject to a minimum payout of par.
If the index closes below the 80% trigger level during the life of the notes, the payout at maturity will be par plus the index return, with no minimum payout.
In each case, the payout will be subject to a maximum payout of $1,150 per $1,000 principal amount of notes.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Trigger notes
|
Underlying index: | S&P 500
|
Amount: | $2.39 million
|
Maturity: | Aug. 27, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index's closing level falls below 80% of initial level during life of notes, par plus index return will full expose to any decline; otherwise, par plus index return, subject to minimum payout of par; return capped at 15% in each case
|
Initial index level: | 1,691.42
|
Pricing date: | Aug. 9
|
Settlement date: | Aug. 14
|
Underwriter: | Goldman Sachs & Co.
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.1%
|
Cusip: | 38147QLW4
|
© 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.