By Jennifer Chiou
New York, March 15 - Goldman Sachs Group, Inc. priced $5.13 million of notes due March 18, 2016 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a fixed coupon of 1% for the first four years, payable semiannually.
The payout at maturity will be par plus a supplemental amount, which will equal the amount, if any, by which the 10-year CMS rate exceeds the strike of 5.5% times a 14.3 multiplier.
The return will be capped at 42.9%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Swap rate-linked notes
|
| Amount: | $5.13 million
|
| Maturity: | March 18, 2016
|
| Coupon: | 1%, payable semiannually for first four years
|
| Price: | Par
|
| Payout at maturity: | Par plus a supplemental amount equal to the amount, if any, by which the 10-year CMS rate exceeds the strike of 5.5% times a 14.3 multiplier; cap of 42.9%
|
| Pricing date: | March 11
|
| Settlement date: | March 18
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 38143UST9
|
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