By Jennifer Chiou
New York, Jan. 24 - Goldman Sachs Group, Inc. priced $3,355,000 of 0% index-linked trigger notes due Feb. 6, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index closes below 74% of the initial level on any trading day during the life of the notes.
If a trigger event does not occur, the payout will be par plus 10%.
Otherwise, the payout at maturity will be par plus the index return, with exposure to losses.
The maximum settlement amount at maturity is $1,100 for each $1,000 principal amount.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,355,000
|
| Maturity: | Feb. 6, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 26% during life of notes, par plus index return with exposure to losses; otherwise, par plus 10%; in either case, gains capped at 10%
|
| Initial index level: | 1,315.38
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38143UN31
|
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