Goldman Sachs to price enhanced total return notes linked to S&P GSCI commodity index

By Jennifer Chiou

New York, April 24 - The Goldman Sachs Group Inc. plans to price 0% enhanced total return notes due 2037 linked to the S&P GSCI Enhanced Commodity Total Return Strategy index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be the index return minus investor fees, which are determined on a daily basis and will be based on a 1.25% yearly rate times the index return.

Holders may opt to have their notes redeemed in whole or part - with a minimum of 50,000 notes - on any weekly redemption date. The redemption amount will be calculated in the same way as the payout at maturity.

Goldman, Sachs & Co. will be the agent.

© 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.