By Susanna Moon
Chicago, Dec. 12 - Goldman Sachs Group, Inc. priced another $2 million of callable quarterly CMS spread-linked notes due Dec. 13, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $5 million, up from $3 million.
Interest rate will be fixed at 9.35% for the first year. After that, the rate will be 4 times the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate minus 25 basis points, up a maximum rate of 9.35% per year. Interest will be payable quarterly and cannot be less than zero.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after one year.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable quarterly CMS spread notes
|
| Underlying rates: | 30-year Constant Maturity Swap and two-year CMS rate
|
| Amount: | $5 million, up from $3 million
|
| Maturity: | Dec. 13, 2028
|
| Coupon: | 9.35% for first year; after that, 4 times CMS spread less 25 bps, capped at 9.35% and floor of zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning Dec. 13, 2014
|
| Pricing date: | Dec. 9 for $3 million, Dec. 10 for $2 million
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| Settlement date: | Dec. 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.05%
|
| Cusip: | 38147Q5E2
|
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