By Jennifer Chiou
New York, Sept. 20 - The Goldman Sachs Group, Inc. priced $40 million of floating-rate excess return notes due Oct. 31, 2007 linked to the performance of the Dow Jones - AIG Commodity index, according to a 424B3 filing with the Securities and Exchange Commission.
At maturity, the notes pay par plus three times the return on the index, less three times a fee assessed at a 23 basis points annual rate.
The notes will be automatically called if the index closes at or below 88% of its initial level.
Investors who own all the notes they originally bought can put them back to Goldman at any time in return for a payment calculated using the same formula as the payment at maturity.
| Issuer: | The Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate excess return notes
|
| Underlying index: | Dow Jones - AIG Commodity index
|
| Amount: | $40 million
|
| Maturity: | Oct. 31, 2007
|
| Coupon: | Libor minus 16 basis points, reset quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the percentage increase or decrease on the index minus three times a fee assessed at a 23 bps annual rate
|
| Initial index level: | 161.343
|
| Call: | Automatically redeemed in whole if index closing level is at or below 141.982, 88% of the initial level
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 20
|
| Lead manager: | Goldman, Sachs & Co.
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