By Susanna Moon
Chicago, Sept. 23 - Goldman Sachs Group Inc. revised the definitions of early index return and early Treasury bill amount for its $8 million 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.
The early index amount will equal par multiplied by the index discount factor times triple the percentage increase or decrease in the index to the early index level minus the early T-bill amount.
The early T-bill amount is par multiplied by the index discount factor times triple the T-bill factor times the historic T-bill amount.
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.
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 at par 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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