By Toni Weeks
San Luis Obispo, Calif., Aug. 12 – Goldman Sachs Group, Inc. priced $2.98 million of 0% index-linked trigger notes due Aug. 19, 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 closes at or below the trigger level, 95% of the initial index level, on every trading day beginning the day after the pricing date to and including Nov. 10.
If the index return is zero or positive and a trigger event has not occurred, the payout at maturity will be $1,075.50 per $1,000 principal amount of notes.
If the index return is zero or positive and a trigger event has occurred, the payout will be $1,151.00 per $1,000 of notes.
Investors will share fully in losses if the index return is negative.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,975,000
|
| Maturity: | Aug. 19, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, the payout at maturity is $1,075.50 per $1,000 of notes if a trigger event has not occurred and $1,151.00 per $1,000 or notes if a trigger event has occurred; full exposure to losses if the index return is negative
|
| Trigger event: | Occurs if index closes at or below trigger level from Aug. 9 to Nov. 10, inclusive
|
| Initial index level: | 1,931.59
|
| Trigger level: | 95% of initial level
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38147QE77
|
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