Published on 6/4/2007 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs reopens $64.2 million total notes linked to GSCI
By Jennifer Chiou
New York, June 4 - Goldman Sachs Group Inc. reopened its issue of 0% notes due May 8, 2037 linked to the S&P GSCI Enhanced Commodity Total Return Strategy index with $6,845,750 of additional notes, lifting the total issue to $64,225,600, according to a 424B2 filing with the Securities and Exchange Commission.
On May 8, the company issued the original $57,379,850 of notes.
The payout at maturity will be par plus the return on the index less investor fees at an annual rate of 1.25% of the principal amount of the notes multiplied by the index return, calculated daily.
Investors can put the notes back to Goldman once a week using the same calculation as at maturity.
Goldman, Sachs & Co. is the agent.
Issuer: | The Goldman Sachs Group Inc.
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Issue: | Index-linked medium-term notes, series B
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Underlying index: | S&P GSCI Enhanced Commodity Total Return Strategy
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Amount: | $64,225,600 (including $6,845,750 of reopened notes)
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Maturity: | May 8, 2037
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Coupon: | 0%
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Price: | Par for original $57,379,850; 99.58 for reopened notes
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Payout at maturity: | Par plus the return on the index less investor fees at an annual rate of 1.25% on the principal amount of the notes multiplied by the index return, calculated daily
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Initial strategy level: | 693.3813
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Pricing date: | May 3 for original $57,379,850; May 31 for reopened notes
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Settlement date: | May 8 for original $57,379,850; June 5 for reopened notes
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Agent: | Goldman, Sachs & Co.
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Fees: | 0.1%
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