Published on 5/15/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $11 million callable step-up fixed-rate notes with 2% initial rate
New York, May 15 – Goldman Sachs Group, Inc. priced $11 million of callable step-up fixed-rate notes due May 18, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 2% from May 18, 3% from May 18, 2018 and 4% from May 18, 2019.
The payout at maturity will be par.
The notes will be callable at par each Feb. 18, May 18, Aug. 18 and Nov. 18 starting Nov. 18.
Goldman, Sachs & Co. and Incapital LLC are the underwriters.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Callable step-up fixed-rate notes
|
Amount: | $11 million
|
Maturity: | May 18, 2020
|
Coupon: | 2% from May 18; 3% from May 18, 2018; 4% from May 18, 2019
|
Price: | Par
|
Payout at maturity: | par
|
Call option: | At par each Feb. 18, May 18, Aug. 18 and Nov. 18 starting Nov. 18
|
Pricing date: | May 13
|
Settlement date: | May 18
|
Underwriters: | Goldman, Sachs & Co. and Incapital LLC
|
Fees: | 1.109%
|
Cusip: | 38148T3H0
|
|
© 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.