By Angela McDaniels
Tacoma, Wash., Feb. 12 - Goldman Sachs Group Inc. priced $20 million of floating-rate total return index-linked notes due Feb. 17, 2009 linked to the S&P Diversified Trends Indicator Total Return Modified, according to a 424B2 filing with the Securities and Exchange Commission.
The index is a modified version of the S&P Diversified Trends Indicator Total Return, which is an index of futures contracts on physical commodities and financial instruments.
Interest is payable quarterly. It accrues daily at a rate equal to Libor minus 10 basis points divided by 360, with a floor of zero.
The notes will automatically be called if the index closes at or below 85% of its initial level.
The payout at maturity will be par plus triple the absolute value of the index return, minus triple the realized Treasury bill amount, minus the final fee of 1.5% per year.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Floating-rate total return index-linked notes
|
| Underlying index: | S&P Diversified Trends Indicator Total Return Modified
|
| Amount: | $20 million
|
| Maturity: | Feb. 17, 2009
|
| Coupon: | Libor minus 10 bps; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the absolute value of the index return, minus triple the realized Treasury bill amount, minus the final fee of 1.5% per year.
|
| Call: | If index closes at or below 85% of its initial level
|
| Initial index level: | 1,496.679
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 15
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.1%
|
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