New Issue: Goldman Sachs prices $9.54 million notes due 2013 linked to gold

By Marisa Wong

Madison, Wis., Jan. 24 - Goldman Sachs Group, Inc. priced $9.54 million of 0% commodity-linked notes due Feb. 1, 2013 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 160% of any percentage increase in the price of gold, subject to a maximum return of 16%. Investors will receive par if the price of gold falls by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Commodity-linked notes
Underlying commodity:	Gold
Amount:	$9,539,000
Maturity:	Feb. 1, 2013
Coupon:	0%
Price:	Variable prices
Payout at maturity:	Par plus 160% of any percentage increase in price of gold, subject to maximum return of 16%; par if the price of gold falls by 10% or less; 1.1111% loss for every 1% that gold declines beyond 10%
Initial gold price:	$1,653
Pricing date:	Jan. 20
Settlement date:	Jan. 27
Underwriter:	Goldman Sachs & Co. with JPMorgan as dealer
Fees:	1.1%
Cusip:	38143UM99

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.