New Issue: Goldman prices $10.5 million leveraged buffered notes on S&P GSCI Enhanced Commodity

By Jennifer Chiou

New York, June 18 - Goldman Sachs Group, Inc. priced $10.5 million of 0% leveraged buffered commodity index-linked notes due July 1, 2011 tied to the S&P GSCI Enhanced Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, subject to a maximum payout of $1,414 per note.

Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered commodity index-linked notes
Underlying index:	S&P GSCI Enhanced Commodity Index Excess Return
Amount:	$10,502,000
Maturity:	July 1, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at $1,414 per note; par if index falls by up to 15%; 1.1765% loss per each 1% decline beyond 15%
Initial index level:	354.5
Pricing date:	June 17
Settlement date:	July 1
Underwriter:	Goldman, Sachs & Co.
Fees:	0.175%

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