New Issue: Goldman Sachs prices $6.85 million fixed/floating-rate notes with 4.1% initial rate

By Angela McDaniels

Tacoma, Wash., Oct. 28 - Goldman Sachs Group, Inc. priced $6.85 million of fixed- and floating-rate notes due Nov. 1, 2017, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 4.1% for the first 18 months. After that time, the interest rate will be Libor plus 150 basis points. Beginning Nov. 1, 2013, this rate will be capped at 7% per year. Interest is payable quarterly.

The payout at maturity will be par.

The notes are not callable.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Fixed- and floating-rate notes
Amount:	$6.85 million
Maturity:	Nov. 1, 2017
Coupon:	Initially 4.1%; after May 1, 2012, Libor plus 150 bps, subject to cap of 7% per year beginning Nov. 1, 2013; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Oct. 26
Settlement date:	Nov. 1
Underwriter:	Goldman, Sachs & Co.
Fees:	1.4%
Cusip:	38143UNY3

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