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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.

Full Prospectus PDF », Secondary Prospectus PDF », GS Page »

Redeemable?:Yes
Call Date:3/19/2006 (Now Trading Post Call Date)
Maturity Date:2/15/2034
Cumulative?:Yes
Shares Offered:1,000,000
Liquidation Preference:$25.00
Recent Market Price:$26.75
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.75 (7.00%)
Annualized Dividend:3.1724
Recent Ex-Date:2/13/2024
Current Yield:11.86%
Original Coupon:Variable Float Rate
Pay Period:Biyearly
CDx3 Compliance Rating: Learn JBK's Rating
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 »
Name:  Goldman Sachs Group Inc
Website:  www.goldmansachs.com
Sector:  Investment Brokerages
Number of ETFs Holding GS:  117 (see which ones)
Total Market Value Held by ETFs:  $18,567,827,961.59
Total Market Capitalization:  $131,833,000,000
% of Market Cap. Held by ETFs:  14.08%

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