Goldman Sachs Group Inc | Lehman ABS Corp Bkd Trust Certs 2004-06, Floating Rate Goldman Sachs Cap I (JBK)
Prospectus excerpt: Lehman ABS Corp., Floating Rate Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6, Class A-1, price to the public $25 per certificate. The underlying securities are the 6.345% Capital Securities due 2/15/2034 issued by Goldman Sachs Capital I, a subsidiary of Goldman Sachs Group Inc. (NYSE: GS) and an interest rate swap between the trust and Lehman Brothers Special Financing Inc. The certificates pay an initial interest rate of 3.50% ($0.875) per annum distributions through the distribution date in May 2004 paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the day immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). After May 2004, the floating interest rate will be equal to the three-Month LIBOR plus 0.75% and will be equal to or greater than 3.50% but not greater than 7.50%. Following the occurrence of any Swap Agreement Termination Event that is not also a Trust Termination Event, distributions will be made on the Distribution Dates in February and August. The certificates are exchangeable on or after 3/19/2006 under a very complicated formula which involve a swap agreement and that should be studied in the prospectus by any potential investor. Certificate ratings at the IPO were A- by S&P and A1 by Moody's. Lehman ABS Corp. is an indirect wholly-owned subsidiary of Lehman Brothers Inc. (NYSE: LEH). For further information on the Corporate Backed Trust Certificates, see the IPO Prospectus by clicking on the ‘Link to IPO Prospectus’ provided below.
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Goldman Sachs Group is a bank holding company and financial holding company. Co. operates in four business segments: Investment Banking, which is engaged in financial advisory, underwriting and corporate lending activities; Global Markets, which consists of Fixed Income, Currency and Commodities and Equities, and engaged in intermediation and financing activities; Asset Management, which is engaged in the management, equity investments, lending and debt investments; and Consumer and Wealth Management, which consists of Wealth management and Consumer banking, and engaged in the management and other fees, incentive fees, private banking and lending, and consumer-oriented activities. Preferreds: JBK, PYT, GS.PRA, GS.PRB, GS.PRC, GS.PRD, GS.PRI, GS.PRJ, GS.PRK, GS.PRN Open the GS Information Page » |
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