By Jennifer Chiou
New York, July 8 – Goldman Sachs Group, Inc. priced $1.36 million of 0% index-linked trigger notes due Jan. 6, 2016 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85.5% of the initial index level, the payout at maturity will be par plus the index return, with a floor of par.
If the index finishes below the 85.5% trigger level, the payout will be par plus the index return, with full exposure to losses.
The final index level is the average of the closing index levels on the five trading days ending Dec. 31, 2015.
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: | Euro Stoxx 50
|
| Amount: | $1.36 million
|
| Maturity: | Jan. 6, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 85.5% of the initial index level, par plus index return, floor of par; otherwise, full exposure to losses
|
| Initial index level: | 3,289.75
|
| Trigger level: | 85.5% of initial level
|
| Pricing date: | July 3
|
| Settlement date: | July 9
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 38147QCC8
|
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