By Angela McDaniels
Tacoma, Wash., June 16 - Goldman Sachs Group, Inc. priced $32 million of floating-rate excess return index-linked notes due July 18, 2012 linked to the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is Libor minus 17 basis points. Interest is payable quarterly.
The payout at maturity or upon redemption will be par plus triple the index return, which could be positive or negative, minus triple the fee, which is 0.2% per year.
The notes are putable if requested by all holders, and they will be automatically redeemed if the closing level of the index is less than or equal to 88% of the initial level on any day.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate excess return index-linked notes
|
| Underlying index: | S&P GSCI Excess Return index
|
| Amount: | $32 million
|
| Maturity: | July 18, 2012
|
| Coupon: | Libor plus 17 bps, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the index return minus triple the fee, which is 0.2% per year
|
| Put option: | If requested by all holders
|
| Call: | Automatically if index closes at or below trigger level
|
| Initial index level: | 516.8738
|
| Trigger level: | 454.8489, 88% of initial level
|
| Pricing date: | June 14
|
| Settlement date: | June 21
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 38143UWA5
|
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