New Issue: Goldman Sachs prices $15 million 29% reverse exchangeables linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 29 - Goldman Sachs Group, Inc. priced $15 million of 29% annualized reverse exchangeable index-linked notes due Nov. 26, 2008 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes priced at par of $1,209.18.

Interest is payable on the maturity date.

If the final index level is greater than the initial index level, the payout at maturity will be par. Otherwise, the payout will be par minus the index decline.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Reverse exchangeable index-linked notes
Underlying index:	S&P 500
Amount:	$15,001,087
Maturity:	Nov. 26, 2008
Coupon:	29%, payable at maturity
Price:	Par of $1,209.18
Payout at maturity:	If final index level is greater than initial index level, par; otherwise, par minus the index decline
Initial index level:	1,209.18
Pricing date:	Sept. 25
Settlement date:	Oct. 2
Underwriter:	Goldman, Sachs & Co.
Fees:	0.05%

© 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.