New Issue: Goldman Sachs prices $7 million notes linked to 10-year swap rate

By Susanna Moon

Chicago, July 8 - Goldman Sachs Group, Inc. priced $7 million of 0% swap rate-linked notes due July 20, 2021 tied to the 10-year U.S. dollar interest rate swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 68.5 times any amount by which the swap rate exceeds 6% on July 6, 2021, up to a maximum amount of $2,740 for each $1,000 principal amount.

Investors will receive at least par.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Swap rate-linked notes
Amount:	$7 million
Maturity:	July 20, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 68.5 times any amount by which the 10-year U.S. dollar interest rate swap rate exceeds 6% on July 6, 2021, capped at $2,740 for each $1,000 principal amount; floor of par
Pricing date:	July 7
Settlement date:	July 20
Underwriter:	Goldman Sachs & Co.
Fees:	0.7%
Cusip:	38143UUY5

© 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.