By Jennifer Chiou
New York, Aug. 18 - Goldman Sachs Group, Inc. priced a total of $35.83 million of fixed-to-floating notes due Aug. 24, 2016, according to a 424B2 filing with the Securities and Exchange Commission.
The issuer specifically priced $25.15 million of the notes on Aug. 12, $7.05 million on Aug. 15, $2.13 million on Aug. 16 and $1.5 million on Aug. 17.
The coupon will be 3.25% for the first year. After that, the rate will be Libor plus 200 basis points, up to a cap of 7% beginning on Aug. 24, 2014. 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: | $35.83 million
|
| Maturity: | Aug. 24, 2016
|
| Coupon: | 3.25% for first year; then Libor plus 200 bps, capped at 7% beginning on Aug. 24, 2014; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Aug. 12 for $25.15 million; Aug. 15 for $7.05 million; Aug. 16 for $2.13 million; Aug. 17 for $1.5 million
|
| Settlement date: | Aug. 24
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.7% for $25.15 million and $7.05 million; 1.35% for $2.13 million; 1.25% for $1.5 million
|
| Cusip: | 38143UXV8
|
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