By Wendy Van Sickle
Columbus, Ohio, Aug. 23 – GS Finance Corp. priced $1.01 million of callable fixed and floating rate notes due July 30, 2036, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The coupon is 6% until after July 30, 2022 when interest will equal 10 times the difference between the 30-year CMS rate minus the five-year CMS rate minus 30 basis points, with a floor of 0% and a maximum rate of 15%. Interest is payable quarterly.
The notes will be callable at par plus interest on any quarterly payment date after one year.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Callable fixed and floating rate notes
|
Amount: | $1.01 million
|
Maturity: | July 30, 2036
|
Coupon: | 6% for first year, then 10 times the difference between 30-year CMS rate minus five-year CMS rate minus 30 bps, with floor of 0% and cap of 15%; payable quarterly
|
Call option: | At par plus interest on any quarterly payment date after one year
|
Price: | Par
|
Payout at maturity: | Par
|
Pricing date: | July 28
|
Settlement date: | July 30
|
Underwriter: | Goldman, Sachs & Co. LLC
|
Fees: | 4.192%
|
Cusip: | 40057HWP1
|
|
© 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.