By Angela McDaniels
Tacoma, Wash., Aug. 19 - Goldman Sachs Group, Inc. priced an additional $3.36 million of callable range accrual notes due Aug. 20, 2024 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at 99.105 and bring the issue size to $10.37 million. The original $7.01 million of notes priced at par on Aug. 6.
The notes carry a fixed coupon of 7.25% for the first year. After that, interest will equal 7.25% per year multiplied by the proportion of days on which six-month Libor is 7% or less. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on any interest payment date.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable six-month Libor range accrual notes
|
| Amount: | $10.37 million, upsized from $7.01 million
|
| Maturity: | Aug. 20, 2024
|
| Coupon: | 7.25% for the first year; after that, 7.25% per year multiplied by proportion of days on which six-month Libor is 7% or less; payable quarterly
|
| Price: | Par for $7.01 million; 99.105 for $3.36 million
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date
|
| Pricing dates: | Aug. 6 for original issue; Aug. 17 for add-on
|
| Settlement date: | Aug. 20
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 3.53%
|
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