By Susanna Moon
Chicago, Dec. 7 - Goldman Sachs Group, Inc. priced a $50 million issue of notes due Dec. 10, 2037 linked to the Claymore CEF index, according to a 424B2 filing with the Securities and Exchange Commission.
The Claymore CEF index measures the performance of a basket of closed-end funds.
The notes may pay interest equal to the distribution on the underlying funds less 95 basis points. Interest is payable quarterly. Any shortfall if the distribution is less than 95 bps is carried forward and subtracted from the next interest payment.
The notes are putable in part on any weekly redemption date at a minimum of 100,000 notes.
If the notes are not redeemed, the payout at maturity will be par plus any index gain.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Claymore CEF index
|
| Amount: | $50 million
|
| Maturity: | Dec. 10, 2037
|
| Coupon: | Equal to the distribution on the underlying funds less 95 basis points, payable quarterly; shortfalls below 95 bps are carried forward
|
| Price: | Par
|
| Put option: | Putable in part on any weekly redemption date at a minimum of 100,000 notes
|
| Payout at maturity: | Par plus any index gain
|
| Initial index level: | 129.48
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 11
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.05%
|
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