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Goldman plans commodity-linked trigger notes on S&P GSCI Brent Crude
By Jennifer Chiou
New York, May 31 - Goldman Sachs Group, Inc. plans to price 0% commodity-linked trigger notes due June 13, 2012 linked the S&P GSCI Brent Crude Index Excess Return, according to a 424B2 with the Securities and Exchange Commission.
A trigger event will occur if the index falls below 70% of the initial level at any time 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.
If the index remains at or above the buffer level throughout the life of the notes and finishes above 70% of the initial level, the payout will be the contingent minimum return of 10%.
In either case, the payout for the notes (Cusip: 38143UVL2) is subject to a maximum return of 14.6%.
JPMorgan is the lead agent with Goldman, Sachs & Co. as co-agent.
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