Published on 12/3/2010 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs sells $11.19 million floaters due 2020 with floor, cap
By Susanna Moon
Chicago, Dec. 3 - Goldman Sachs Group, Inc. priced $11.19 million of floating-rate notes due Dec. 10, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will initially be equal to Libor plus 150 basis points. After Dec. 12, 2012, the coupon will then have a minimum rate of 3% and a maximum of 7%. 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: | Floating-rate notes
|
| Amount: | $11,192,000
|
| Maturity: | Dec. 10, 2020
|
| Coupon: | Libor plus 150 bps; after two years, capped at 7% and floor of 3%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 10
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.95%
|
| Cusip: | 38143UQE4
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
