By Angela McDaniels
Tacoma, Wash., Aug. 25 – Goldman Sachs Group, Inc. priced $4.12 million of 0% notes due March 9, 2015 inversely linked to the performance of copper, according to a 424B2 filing with the Securities and Exchange Commission.
The copper performance will be the ratio of the final copper price to the initial copper price.
If the copper performance is less than 95%, the payout at maturity will be the sum of (1) $967 per $1,000 principal amount of notes plus (2) the product of (i) $1,000 times (ii) the difference of (a) 95% minus (b) the copper performance.
If the copper performance is greater than or equal to 95%, the payout will be $967 per $1,000 principal amount of notes.
Due to the way the copper performance and payout are calculated, the payout will be less than par if the copper price does not decrease by at least 8.3% and the payout cannot exceed $1,917 per $1,000 principal amount of notes.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Commodity-linked notes
|
| Underlying commodity: | Copper
|
| Amount: | $4.12 million
|
| Maturity: | March 9, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If copper performance is less than 95%, sum of (1) $967 plus (2) product of (i) $1,000 times (ii) difference of (a) 95% minus (b) copper performance; if copper performance is greater than or equal to 95%, $967
|
| Copper performance: | Ratio of final copper price to initial copper price
|
| Initial copper price: | $6,910.50
|
| Pricing date: | Sept. 3
|
| Settlement date: | Sept. 10
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.3%
|
| Cusip: | 38147QFZ4
|
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