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NYSE Euronext (NYSE Euronext: NYX) today announced that The Goldman Sachs Group, Inc (NYSE: GS) listed their first Exchange Traded Note (ETN), the GS Connect(TM) S&P GSCI(TM) Enhanced Commodity Total Return Strategy Index ETN on the NYSE under the ticker symbol GSC. This ETN is based on the S&P GSCI(TM) Enhanced Commodity Total Return Strategy Index, a total return index which reflects the excess returns and the interest on funds that are potentially available through an unleveraged investment in the commodity futures contracts as are included in the S&P GSCI(TM) Index. The S&P GSCI(TM) Enhanced Commodity Total Return Strategy Index modifies certain rolling rules of the S&P GSCI(TM) index with the goal to generate enhanced returns.
“The GS Connect(TM) S&P GSCI(TM) Enhanced Commodity Total Return Strategy Index ETN gives investors unique exposure to a production and liquidity-weighted basket of commodities with active and liquid contracts from major industrialized countries,” said NYSE Group Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. “We are pleased to have Goldman Sachs Group Inc list their first Exchange Traded Note on the NYSE. We look forward to providing investors and market professionals with a superior market quality for trading GSC."
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.8 trillion/€22.8 trillion total market capitalization of listed companies and average daily trading value of approximately $127.0 billion/€94.0 billion (as of June 29, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
