By Marisa Wong
Madison, Wis., May 14 – Goldman Sachs Group, Inc. priced $2 million of floating-rate notes due May 15, 2035 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to the year-over-year change in the Consumer Price Index plus 155 basis points. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $2 million
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| Maturity: | May 15, 2035
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| Coupon: | Year-over-year change in index plus 155 bps, subject to minimum rate of zero; payable monthly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | May 12
|
| Settlement date: | May 15
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.954%
|
| Cusip: | 38148T3B3
|
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