New Issue: Goldman prices $30 million fixed-to-floating notes with 3% initial rate

By Susanna Moon

Chicago, Dec. 7 - Goldman Sachs Group, Inc. priced $30 million of fixed-to-floating notes due June 18, 2017, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3% for the first year. After that, it will be Libor plus 110 basis points, with a minimum interest rate of 1.1% and, beginning Dec. 10, 2014, up to a maximum interest rate of 4.85%. Interest is payable quarterly.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Fixed-to-floating notes
Amount:	$30 million
Maturity:	June 18, 2017
Coupon:	3% initially; beginning Dec. 10, 2013, Libor plus 110 bps, floor or 1.1% and, beginning Dec. 10, 2014, capped at 4.85%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Dec. 5
Settlement date:	Dec. 10
Agent:	Goldman Sachs & Co.
Fees:	1.2125%
Cusip:	38141GJY1

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