By Susanna Moon
Chicago, May 14 - Goldman Sachs Group, Inc. priced $2.15 million of 0% index-linked trigger notes due May 28, 2015 tied 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 ever closes below the trigger level, 82.6% of the initial index level, on any day during the life of the notes and finishes below the trigger level.
If a trigger event never occurs, the payout at maturity will be par plus the greater of zero and any index gain up to a maximum return of $1,150 for each $1,000 principal amount.
Otherwise, the payout will be par plus the index return, with full exposure to losses.
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: | $2,145,000
|
| Maturity: | May 28, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index never dips below trigger level during life of notes and finishes below trigger level, par plus any index gain, capped at 15% and floor of par; otherwise, full exposure to any losses
|
| Initial index level: | 1,878.48
|
| Trigger level: | 82.6% of initial level
|
| Pricing date: | May 9
|
| Settlement date: | May 14
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38147Q5Q5
|
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