By Toni Weeks
San Diego, July 14 - Goldman Sachs Group, Inc. priced an additional $3 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 additional notes priced at 99.55.
This brings the total deal size to $10 million. The original $7 million of notes priced on July 6 and 7.
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 of notes.
Investors will receive at least par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Swap rate-linked notes
|
| Amount: | $10 million
|
| Maturity: | July 20, 2021
|
| Coupon: | 0%
|
| Prices: | Par for notes priced July 6 and 7; 99.55 for notes priced July 12 and 13
|
| 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 dates: | July 6 for $5 million; July 7 for $2 million; July 12 for $2 million; July 13 for $1 million
|
| Settlement date: | July 20
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.7%
|
| Cusip: | 38143UUY5
|
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