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Goldman Sachs plans capped trigger notes due 2015 linked to S&P 500
By Susanna Moon
Chicago, July 17 – Goldman Sachs Group, Inc. plans to price 0% trigger notes due Aug. 5, 2015 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 the 85.35% trigger level on every trading day during the life of the notes and finishes at or above the trigger level, the payout at maturity will be par plus any index gain, up to the cap, with a minimum payout of par.
Otherwise, the payout at maturity will be par plus the index return with exposure to any losses.
In each case, the maximum settlement amount will be $1,150 per $1,000 principal amount.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
The notes will price on July 18 and settle on July 23.
The Cusip number is 38147QD78.
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