New Issue: Goldman Sachs prices $20 million fixed- and floating-rate notes due 2023

By Angela McDaniels

Tacoma, Wash., March 28 - Goldman Sachs Group, Inc. priced $20 million of fixed- and floating-rate notes due April 2, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is initially 2%. After April 2, 2015, it will be Libor plus 150 basis points, subject to a minimum interest rate of 1.5% per year. After April 2, 2017, it will also be subject to a maximum rate of 6% 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- and floating-rate notes
Amount:	$20 million
Maturity:	April 2, 2023
Coupon:	Initially 2%; after April 2, 2015, Libor plus 150 bps, subject to minimum of 1.5%; after April 2, 2017, Libor plus 150 bps, subject to minimum of 1.5% and maximum of 6%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	March 27
Settlement date:	April 2
Underwriter:	Goldman Sachs & Co.
Fees:	1.97%Cusip:	38141GRB2

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