By Angela McDaniels
Tacoma, Wash., Oct. 5 - Goldman Sachs Group, Inc. priced $66.49 million of 0% commodity-linked trigger notes due Oct. 14, 2011 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the price of gold falls to or below 80% of the initial price at any time during the life of the notes.
If a trigger event occurs and the gold return is positive, the payout at maturity will be par plus the gold return, up to the maximum settlement amount of $1,165 per $1,000 principal amount of notes.
If a trigger event occurs and the gold return is zero or negative, the payout will be par plus the gold return.
If a trigger event does not occur and the gold return is positive, the payout will be par plus the greater of 5% and the gold return, up to the maximum settlement amount.
If a trigger event does not occur and the gold return is between zero and negative 20%, the payout will be par plus 5%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Commodity-linked trigger notes
|
| Underlying commodity: | Gold
|
| Amount: | $66,489,000
|
| Maturity: | Oct. 14, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If trigger event occurs and gold return is positive, par plus gold return, up to maximum settlement amount of $1,165; if trigger event occurs and gold return is zero or negative, par plus gold return; if trigger event does not occur and gold return is positive, par plus greater of 5% and gold return, up to maximum settlement amount; if trigger event does not occur and gold return is between zero and negative 20%, par plus 5%
|
| Initial gold price: | $1,316.25
|
| Trigger level: | $1,053.00, 80% of initial price
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 8
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38143UNF4
|
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