By Jennifer Chiou
New York, Dec. 7 - Goldman Sachs Group, Inc. priced $3,615,000 of 0% index-linked trigger notes due Dec. 18, 2013 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index level falls by more than 20% on any day during the life of the notes.
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 zero.
In either case, the return will be capped at 28%.
Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $3,615,000
|
| Maturity: | Dec. 18, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index level falls by more than 20% during life of notes, par plus index return; otherwise, par plus greater of index return and zero; return capped at 28%
|
| Initial index level: | 1,000.15
|
| Trigger level: | 80% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 38141GKB9
|
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