By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – GS Finance Corp. priced $10 million of callable fixed and floating rate notes due Feb. 21, 2030, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The coupon is 4% until after Feb. 21, 2022 when interest will equal 6.5 times the difference between the 30-year CMS rate minus the two-year CMS rate with a floor of zero and a cap of 6.5%. Interest is payable quarterly.
The notes will be callable quarterly starting Feb. 21, 2022.
The payout at maturity will be par.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed and floating rate notes
|
| Amount: | $10 million
|
| Maturity: | Feb. 21, 2030
|
| Spread: | 30-year CMS rate minus two-year CMS rate
|
| Coupon: | 4% for first two years, then 6.5 times the difference between the 30-year CMS rate minus the two-year CMS rate with floor of zero and a cap of 6.5%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Quarterly starting Feb. 21, 2022
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 21
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.3%
|
| Cusip: | 40056YJM7
|
|
|
© 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.
