By Angela McDaniels
Tacoma, Wash., May 28 - Goldman Sachs Group, Inc. priced $15 million of floating-rate total return index-linked notes due June 9, 2010 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 and equals Libor minus 40 basis points.
The notes will be called automatically if the index closes at or below 85% of its initial level, and the notes are putable at any time if requested by all holders.
The payout at maturity or upon redemption will be par plus triple the sum of (a) the index return minus (b) the realized Treasury bill amount minus (c) a 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: | $15 million
|
| Maturity: | June 9, 2010
|
| Coupon: | Libor minus 40 bps; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the sum of the index return minus the realized Treasury bill amount minus a 1.5% annual fee
|
| Call: | Automatically if index closes at or below 85% of its initial level; payout calculated same as at maturity
|
| Put option: | At any time if requested by all holders; payout calculated same as at maturity
|
| Initial index level: | 1,558.898
|
| Pricing date: | May 26
|
| Settlement date: | June 2
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.1%
|
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