New Issue: GS Finance prices $1.25 million commodity-linked notes on basket

By William Gullotti

Buffalo, N.Y., July 11 – GS Finance Corp. priced $1.25 million of 0% commodity-linked notes due Oct. 3, 2024 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of West Texas Intermediate light sweet crude oil futures contracts, ICE Brent Crude futures contract, natural gas futures contract, corn futures contract, soybean futures contract, wheat futures contracts, copper and zinc.

The payout at maturity will be par plus the basket return with a floor of par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as selling agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket commodity-linked notes
Underlying assets:	West Texas Intermediate light sweet crude oil futures contracts, ICE Brent Crude futures contract, natural gas futures contract, corn futures contract, soybean futures contract, wheat futures contracts, copper, zinc; equal weights
Amount:	$1,251,000
Maturity:	Oct. 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return with floor of par
Initial prices:	$111.76 for WTI, $117.98 for Brent, $6.57 for natural gas, $7.595 for corn, $16.6375 for soybeans, $9.2125 for wheat, $8,502.00 for copper, $3,449.50 for zinc
Pricing date:	June 28
Settlement date:	June 30
Agent:	Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
Fees:	1.5%
Cusip:	40057MD22

© 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.