New Issue: Goldman Sachs prices $1.87 million trigger notes linked to gold

By Angela McDaniels

Tacoma, Wash., July 7 - Goldman Sachs Group, Inc. priced $1.87 million of 0% commodity-linked trigger notes due Jan. 14, 2013 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the gold return is positive, the payout at maturity will be par plus the gain, subject to a maximum return of 30%.

If the gold return is negative and gold stays at or above the trigger amount - 52% of the initial price - throughout the life of the notes, the payout at maturity will be par.

If the gold return is negative and gold ever falls below the trigger amount, the payout will be par plus the gold return.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Commodity-linked trigger notes
Underlying commodity:	Gold
Amount:	$1,856,000
Maturity:	Jan. 14, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If gold return is positive, par plus the gain, up to maximum return of 30%; if gold return is negative and gold stays at or above trigger amount during life of notes, par; if gold ever dips below trigger amount and gold return is negative, par plus gold return
Initial gold price:	$1,201.50
Trigger amount:	$624.78, 52% of initial price
Pricing date:	July 2
Settlement date:	July 12
Underwriter:	Goldman, Sachs & Co.
Fees:	1.675%
Cusip:	38143ULA7

© 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.