By Laura Lutz
Des Moines, April 30 - Goldman Sachs Group, Inc. priced $14.17 million of inflation-linked notes due May 8, 2013 linked to annual changes in the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest, if any, will be payable annually beginning on May 8, 2009. The interest rate will be determined in the three months before each interest payment date.
The annual interest rate will be 3.8 times any amount by which the annual inflation rate exceeds 2%, subject to a floor of 0% and a cap of 15.2%.
The payout at maturity will be par.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Inflation-linked notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $14.17 million
|
| Maturity: | May 8, 2013
|
| Coupon: | 3.8 times any amount by which annual inflation rate exceeds 2%; floor of 0%; cap of 15.2%; reset and payable annually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | April 28
|
| Settlement date: | May 8
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.35%
|
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