By Marisa Wong
Madison, Wis., Nov. 15 - Goldman Sachs Group, Inc. priced $8 million of floating-rate notes due Dec. 23, 2011 linked to the Dow Jones-UBS Softs Total Return subindex, according to a 424B2 filing with the Securities and Exchange Commission.
The index is a sub-index of the Dow Jones-UBS Commodity Index Total Return and is an index of futures contracts on three softs-related commodity contracts: cotton, sugar and coffee.
Interest is payable quarterly and is equal to Libor minus 50 basis points.
The payout at maturity will be par plus three times the index return less triple the 91-day Treasury bill amount minus a fee of 0.63% per year. Investors will share in any losses.
The notes will be automatically called if the index finishes at or below 85% of the initial level on any trading day. Holders may also put back the notes in whole.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate total return index-linked notes
|
| Underlying index: | Dow Jones-UBS Softs Total Return subindex
|
| Amount: | $8 million
|
| Maturity: | Dec. 23, 2011
|
| Coupon: | Libor minus 50 bps; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of the index return less triple the 91-day Treasury bill amount minus a fee of 0.63% per year; exposure to losses
|
| Put option: | At any time in whole
|
| Call: | Automatically if index finishes at or below 85% of the initial level on any trading day
|
| Initial index level: | 188.0883
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 18
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 38143UPV7
|
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