New Issue: Goldman prices $1.48 million fixed-to-floaters with 2% initial rate

By Marisa Wong

Madison, Wis., Dec. 3 - Goldman Sachs Group, Inc. priced $1.48 million of fixed-to-floating notes due Dec. 4, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 2% for the first two years. After that it will be equal to Libor plus 100 basis points, subject to a minimum rate of 2% and a maximum rate of 5.5%. 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:	$1.48 million
Maturity:	Dec. 4, 2020
Coupon:	2% initially; after Dec. 4, 2015, Libor plus 100 bps, subject to a minimum rate of 2% and maximum rate of 5.5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Nov. 26
Settlement date:	Dec. 4
Agent:	Goldman Sachs & Co.
Fees:	0.5%
Cusip:	38147QU61

© 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.