New Issue: Goldman Sachs sells $73.84 million 0% trigger notes linked to S&P 500

By Susanna Moon

Chicago, Feb. 23 - Goldman Sachs Group, Inc. priced $73.84 million of 0% index-linked trigger notes due Aug. 25, 2011 based on 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 the initial index level by more than the 20% buffer during the life of the notes.

If the index never dips below the 80% buffer, the payout at maturity will be par plus any gain in the index, with a contingent minimum return of 12% and a cap of 30%.

Otherwise, the payout at maturity will be par plus the index return, up to the maximum settlement amount of $1,300 per $1,000 principal amount. Investors will be exposed to any losses.

Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Index-linked trigger notes
Underlying index:	S&P 500
Amount:	$73,835,000
Maturity:	Aug. 25, 2011
Coupon:	0%
Price:	Variable
Payout at maturity:	If index falls by more than 20% during life of notes, par plus index return, capped at 30% and exposure to losses; otherwise, par plus any index gain, with floor of 12% and cap of 30%
Initial index level:	1,109.17
Pricing date:	Feb. 19
Settlement date:	Feb. 24
Underwriter:	Goldman, Sachs & Co. with co-agent J.P. Morgan Securities Inc.
Fees:	1.4%
Cusip:	38143UGP0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.