By Jennifer Chiou
New York, June 4 - Goldman Sachs Group, Inc. priced $3 million of floating-rate notes due July 18, 2011 linked to the Dow Jones-UBS Energy Total Return sub-index, according to a 424B2 filing with the Securities and Exchange Commission.
The index is a sub-index of the Dow Jones-UBS Commodity Index Total Return, which is an index of futures contracts on three energy-related commodity contracts: crude oil, heating oil, natural gas and unleaded gasoline.
The quarterly interest rate will be equal to Libor minus 50 basis points.
The payout at maturity will be par plus three times the index return less triple the 91-day Treasury bill amount minus a fee of 0.75% per year. Investors will share in any losses.
The notes will be automatically called if the index finishes at or below 85% of the initial level on any trading day. Holders may also put back the notes in whole.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate total return index-linked notes
|
| Underlying index: | Dow Jones-UBS Energy Total Return
|
| Amount: | $3 million
|
| Maturity: | July 18, 2011
|
| Coupon: | Libor minus 50 bps, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of the index return less triple the 91-day Treasury bill amount minus a fee of 0.75% per year; exposure to losses
|
| Call: | Automatically if the index finishes at or below 85% of the initial level on any trading day
|
| Initial index level: | 229.8881
|
| Pricing date: | June 3
|
| Settlement date: | June 10
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 38143UJZ5
|
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