By Angela McDaniels
Tacoma, Wash., July 14 - Goldman Sachs Group, Inc. priced $10.99 million of 0% commodity index-linked notes due July 19, 2013 linked to the S&P GSCI Enhanced Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at 99.4% of par.
The payout at maturity will be par plus the index return, which could be positive or negative.
The initial index level set by the issuer, 446.15, is lower than the actual closing level of the index on the trade date, which was 449.7361.
The index reflects the excess returns that are potentially available through an unleveraged investment in the same commodities that are included in the S&P GSCI index, calculated on a basis similar to the S&P GSCI index, but modified to apply certain dynamic and seasonal rolling rules as well as a modified roll schedule.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Commodity index-linked notes
|
| Underlying index: | S&P GSCI Enhanced Commodity Index Excess Return
|
| Amount: | $10.99 million
|
| Maturity: | July 19, 2013
|
| Coupon: | 0%
|
| Price: | 99.4
|
| Payout at maturity: | Par plus index return, which could be positive or negative
|
| Initial index level: | 446.15
|
| Pricing date: | July 12
|
| Settlement date: | July 19
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.175%
|
| Cusip: | 38143UWQ0
|
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