By Angela McDaniels
Tacoma, Wash., March 16 – Goldman Sachs Group, Inc. priced $7.4 million of floating-rate notes due March 17, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1.05 times the 10-year Constant Maturity Swap rate. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | 10-year year Constant Maturity Swap rate
|
| Amount: | $7.4 million
|
| Maturity: | March 17, 2025
|
| Coupon: | 1.05 times 10-year CMS rate, subject to minimum interest rate of zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | March 12
|
| Settlement date: | March 17
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.591%
|
| Cusip: | 38147QVH6
|
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