By Jennifer Chiou
New York, June 7 - Goldman Sachs Group, Inc. priced $16.17 million of 0% commodity-linked trigger notes due June 13, 2012 linked to the S&P GSCI Brent Crude Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if the index closes below 70% 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 $1,146 per $1,000 principal amount of notes.
J.P. Morgan Securities LLC is the lead agent with Goldman Sachs & Co. as co-agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Commodity-linked trigger notes
|
| Underlying index: | S&P GSCI Brent Crude Index Excess Return
|
| Amount: | $16,171,000
|
| Maturity: | June 13, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index falls by more than 30% of initial level during life of notes, par plus index return; otherwise, par plus greater of index return and 10%; cap of 14.6% in either case
|
| Initial index level: | 810.3346
|
| Pricing date: | June 3
|
| Settlement date: | June 10
|
| Agents: | J.P. Morgan Securities LLC (lead) and Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38143UVL2
|
© 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.
