By Jennifer Chiou
New York, May 23 - Goldman Sachs Group, Inc. priced $97 million of fixed-to-floating notes due Nov. 26, 2012, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 0.75% for the first three months. After Nov. 26, 2011, the interest rate will be Libor plus 20 basis points, subject to a minimum of 0.9% 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: | $97 million
|
| Maturity: | Nov. 26, 2012
|
| Coupon: | 0.75% for first three months; then Libor plus 20 bps, subject to a minimum of 0.9% per year; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | May 19
|
| Settlement date: | May 26
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.15%
|
| Cusip: | 38143UUZ2
|
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