Published on 6/12/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $5.43 million index-linked trigger notes on S&P 500
By Jennifer Chiou
New York, June 12 - Goldman Sachs Group, Inc. priced $5,433,000 of 0% index-linked trigger notes due Dec. 11, 2013 linked 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 level falls by more than 27.5% on the Dec. 6, 2013 determination date.
If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative.
If a trigger event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 0%.
Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500
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Amount: | $5,433,000
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Maturity: | Dec. 11, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If trigger event occurs, par plus index return; if trigger event does not occur, par plus index return, with floor of par
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Trigger event: | If index closing level falls by more than 27.5% on Dec. 6, 2013
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Initial index level: | 1,325.66
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Buffer amount: | 27.5% of initial level
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Pricing date: | June 8
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Settlement date: | June 13
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Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as agent
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Fees: | 1.35%
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Cusip: | 38143UY21
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