By Angela McDaniels
Tacoma, Wash., Jan. 25 - Goldman Sachs Group, Inc. priced $11.09 million of 0% commodity-linked trigger notes due Feb. 3, 2012 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index closes below 80% of the initial index level during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the index return, which could be positive or negative. Otherwise, the payout will be par plus the greater of the index return and 10%.
In each case, the payout is subject to a maximum settlement amount of $1,250 per $1,000 principal amount of notes.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as co-agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Commodity-linked trigger notes
|
| Underlying index: | S&P GSCI Crude Oil Index Excess Return
|
| Amount: | $11,085,000
|
| Maturity: | Feb. 3, 2012
|
| Coupon: | 0%
|
| Price: | Variable prices
|
| Payout at maturity: | If index falls by more than 20% during life of notes, par plus index return; otherwise, par plus greater of index return and 10%; return capped at 25% in each case
|
| Initial index level: | 532.3244
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 28
|
| Underwriter: | Goldman Sachs & Co. with J.P. Morgan Securities LLC as co-agent
|
| Fees: | 1.1%
|
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