By Sarah Lizee
Olympia, Wash., Oct. 3 – GS Finance Corp. priced $3.99 million quarterly CMS spread-linked notes due Sept. 25, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2.5 times the spread of the 10-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate, subject to a maximum interest rate of 6% per year and a minimum interest rate of zero. Interest will be payable quarterly.
The payout at maturity will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | quarterly CMS spread notes
|
| Underlying rates: | 30-year and two-year Constant Maturity Swap rates
|
| Amount: | $3,986,000
|
| Maturity: | Sept. 25, 2023
|
| Coupon: | 2.5 times the spread of the 10-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate, subject to a maximum interest rate of 6% per year and a minimum interest rate of zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Sept. 20
|
| Settlement date: | Sept. 25
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.3%
|
| Cusip: | 40056XCT1
|
|
|
© 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.
