New Issue: Goldman Sachs prices $4 million notes linked to 10-year swap rate

By Marisa Wong

Madison, Wis., May 6 - Goldman Sachs Group, Inc. priced $4 million of 0% swap rate-linked notes due May 11, 2016 tied to the 10-year U.S. dollar interest rate swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 10.5 times the amount, if any, by which the swap rate exceeds 4% on May 4, 2016, subject to a maximum return of 42%. Investors will receive at least par.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Swap rate-linked notes
Amount:	$4 million
Maturity:	May 11, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.5 times the amount, if any, by which the 10-year U.S. dollar interest rate swap rate exceeds 4% on May 4, 2016, up to a maximum return of 42%; floor of par
Pricing date:	May 4
Settlement date:	May 11
Underwriter:	Goldman, Sachs & Co.
Fees:	0.6%
Cusip:	38143UUF6

© 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.