By Susanna Moon
Chicago, March 4 - Goldman Sachs Group Inc. priced an $8 million issue of floating-rate total return notes due March 16, 2009 linked to the S&P GSCI Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly and will equal Libor minus 10 basis points.
The payout at maturity will be par plus triple the index return minus three times the final T-bill amount, less the final fee, which is equal to the face amount of notes times triple a 1% yearly rate.
The notes will automatically be redeemed in whole if the closing level of the index is equal to or below 88% of the initial level on any trading day.
Holders of 100% of the notes may opt to have their notes redeemed in whole. The redemption amount will be calculated in the same way as the payout at maturity.
Goldman, Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Floating-rate total return notes
|
| Underlying index: | S&P GSCI Total Return index
|
| Amount: | $8 million
|
| Maturity: | March 16, 2009
|
| Coupon: | Libor minus 10 bps
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the index return minus three times the final T-bill amount, less the final fee, which is equal to the face amount of notes times triple a 1% yearly rate
|
| Call: | Redeemed in whole if the closing level of the index is equal to or below 88% of the initial level on any trading day
|
| Initial index level: | 8,304.774
|
| Pricing date: | Feb. 29
|
| Settlement date: | March 7
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 0.1%
|
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