Published on 4/21/2017 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Structured Products Daily.
New Issue: Goldman prices C$750 million of 2.433% fixed-to-floaters due 2023
By Susanna Moon
Chicago, April 21 – Goldman Sachs Group, Inc. priced C$750 million of fixed-to-floating notes due April 26, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.433% for the first five years. After that, the rate will be CDOR plus 115 basis points. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Goldman, Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Fixed-to-floating notes
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| Amount: | C$750 million
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| Maturity: | April 26, 2023
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| Coupon: | 2.433% for five years; after that, CDOR plus 115 bps; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | April 19
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| Settlement date: | April 26
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 0.35%
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| Cusip: | 38141GVY7
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