By Wendy Van Sickle
Columbus, Ohio, April 23 – Goldman Sachs Group, Inc. priced $65 million of callable floating-rate notes due July 23, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be Libor plus a spread of 31 basis points. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
The notes are callable in whole at par on any interest payment date beginning Oct. 23.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable floating-rate notes
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Amount: | $65 million
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Maturity: | July 23, 2020
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Coupon: | Libor plus 31 bps, floor of zero; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | In whole at par on any interest payment date beginning Oct. 23
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Pricing date: | April 17
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Settlement date: | April 23
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.1%
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Cusip: | 38150ACQ6
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