Published on 12/8/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $7 million callable step-up notes with 3% initial rate
By Susanna Moon
Chicago, Dec. 8 - Goldman Sachs Group, Inc. priced $7 million of callable step-up fixed-rate notes due June 9, 2015, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3% for the first year. It will step up to 4.5% on Dec. 9, 2012, to 5.5% on Dec. 9, 2013 and to 6% on Dec. 9, 2014. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on March 9, June 9, Sept. 9 and Dec. 9 after six months.
Goldman Sachs & Co. and Incapital LLC are the underwriters.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Callable step-up fixed-rate notes
|
Amount: | $7 million
|
Maturity: | June 9, 2015
|
Coupon: | Initially 3%, stepping up to 4.5% on Dec. 9, 2012, to 5.5% on Dec. 9, 2013 and to 6% on Dec. 9, 2014; payable semiannually
|
Price: | Par
|
Payout at maturity: | Par
|
Call option: | At par on March 9, June 9, Sept. 9 and Dec. 9 beginning June 9, 2012
|
Pricing date: | Dec. 6
|
Settlement date: | Dec. 9
|
Underwriters: | Goldman Sachs & Co. and Incapital LLC
|
Fees: | 0.786%
|
Cusip: | 38143UH95
|
© 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.