By Jennifer Chiou
New York, April 28 - Goldman Sachs Group, Inc. priced $6.9 million of fixed-to-floating notes due April 29, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 5% for the first two years. After April 29, 2013, the interest rate will be Libor plus 125 basis points. After April 27, 2015, the interest rate will be capped at 7% per year. Interest is payable quarterly.
The payout at maturity will be par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed-to-floating notes
|
| Amount: | $6.9 million
|
| Maturity: | April 29, 2021
|
| Coupon: | 5% for first two years; then Libor plus 125 bps, subject to cap of 7% after April 27, 2015; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.8%
|
| Cusip: | 38143UUA7
|
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