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GS Finance to price notes linked to an enhanced strategy on the Dow Jones - AIG Commodity index
By Angela McDaniels
Tacoma, Wash., Jan. 31 - GS Finance Corp. plans to price 0% medium-term notes due 2038 linked to the Goldman Sachs Enhanced Strategy on the Dow Jones - AIG Commodity Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The Goldman Sachs Group, Inc. will guarantee the notes.
The enhanced strategy reflects the excess returns and interest on funds that are potentially available through an unleveraged investment in contracts on the same commodities included in the Dow Jones-AIG Commodity Total Return index, calculated on a basis similar to the index but modified to apply certain dynamic and seasonal rolling rules.
At maturity or upon redemption, the payout will be par of $50 plus the strategy return minus the investor fee, which accrues daily at an annual rate of 1.25%.
The notes will be putable weekly, subject to a minimum put requirement of 50,000 notes.
Goldman, Sachs & Co. will be the underwriter.
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