New Issue: GS Finance prices $2.26 million commodity-linked notes on basket

By William Gullotti

Buffalo, N.Y., Dec. 21 – GS Finance Corp. priced $2.26 million of 0% commodity-linked notes due Nov. 6, 2024 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of West Texas Intermediate light sweet crude oil futures contracts, ICE Brent Crude futures contract, natural gas futures contract, corn futures contract, soybean futures contract, wheat futures contracts, copper and zinc.

The payout at maturity will be par plus 1.2 times the basket return with a floor of par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket commodity-linked notes
Underlying assets:	West Texas Intermediate light sweet crude oil futures contracts, ICE Brent Crude futures contract, natural gas futures contract, corn futures contract, soybean futures contract, wheat futures contracts, copper, zinc; equal weights
Amount:	$2,264,000
Maturity:	Nov. 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times basket return with floor of par
Initial prices:	$88.37 for WTI, $94.65 for Brent, $5.714 for natural gas, $6.9775 for corn, $14.3575 for soybeans, $9.025 for wheat, $7,745.00 for copper, $2,787.00 for zinc
Pricing date:	Nov. 1
Settlement date:	Nov. 4
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057MVB2

© 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.