By Wendy Van Sickle
Columbus, Ohio, May 31 – GS Finance Corp. priced $10 million of 10-year CMS rate-linked notes due April 26, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the 10-year CMS rate is greater than or equal to 3.14%, the payout at maturity will be $1,040 per $1,000 principal amount.
If the final level is less than 3.14%, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying rate: | 10-year CMS rate
|
| Amount: | $10 million
|
| Maturity: | April 26, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level is greater than or equal to 3.14%, $1,040 per $1,000 principal amount; otherwise, par
|
| Initial level: | 2.987%
|
| Pricing date: | May 24
|
| Settlement date: | June 1
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.45%
|
| Cusip: | 40055QAE2
|
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