By Marisa Wong
Madison, Wis., March 31 - Goldman Sachs Group, Inc. priced $2.75 million of callable quarterly CMS spread-linked notes due March 31, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be (i) 5.15 times (ii) the spread of the 30-year Constant Maturity Swap rate over the five-year CMS rate, subject to a maximum rate of 10%. Interest will be payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Beginning Sept. 30, the notes will be callable at par on any interest payment date.
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 five-year CMS rate
|
| Amount: | $2.75 million
|
| Maturity: | March 31, 2029
|
| Coupon: | 5.15 times CMS spread, capped at 10% with floor of 0%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning Sept. 30
|
| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.55%
|
| Cusip: | 38147QWX0
|
© 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.
