By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – GS Finance Corp. priced $4.03 million of callable quarterly CMS spread-linked notes due Dec. 5, 2032, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The interest rate will be 7.5 times the spread of the 30-year Constant Maturity Swap rate minus the two-year CMS rate, subject to a maximum interest rate of 7.5% per year.
The payout at maturity will be par.
Beginning Dec. 5, 2018, the notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable quarterly CMS spread notes
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| Underlying rates: | 30-year and two-year Constant Maturity Swap rates
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| Amount: | $4,025,000
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| Maturity: | Dec. 5, 2032
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| Coupon: | 7.5 times 30-year CMS rate minus two-year CMS rate, subject to maximum interest rate of 7.5% per year and minimum interest rate of zero; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date from Dec. 5, 2018 onward
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.05%
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| Cusip: | 40055A4T1
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