New Issue: Goldman prices $60.27 million 40-year putable floating-rate notes

By Marisa Wong

Morgantown, W.Va., Oct. 2 – Goldman Sachs Group, Inc. priced $60.27 million of floating-rate notes due Sept. 28, 2057, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be Libor minus a spread of 30 basis points, subject to a floor of zero. Interest is payable quarterly.

The payout at maturity will be par.

The notes are putable in whole or in part on the Sept. 28, 2020 interest payment date and every two years after that. The redemption price is 98 from Sept. 28, 2020 to Sept. 28, 2026, 99 from Sept. 28, 2028 to Sept. 28, 2036 and par after that.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Floating-rate notes
Amount:	$60,265,000
Maturity:	Sept. 28, 2057
Coupon:	Libor minus 30 bps, floor of zero; payable quarterly
Price:	Par
Payout at maturity:	Par
Put option:	In whole or in part on the Sept. 28, 2020 interest payment date and every two years after that; redemption price is 98 from Sept. 28, 2020 to Sept. 28, 2026, 99 from Sept. 28, 2028 to Sept. 28, 2036 and par after that
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Underwriter:	Goldman Sachs & Co.
Fees:	1.9%
Cusip:	40054LT61

© 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.