Chicago, March 29 – GS Finance Corp. priced $25 million of callable quarterly CMS spread-linked notes due March 9, 2036, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 12 times the spread of the 30-year Constant Maturity Swap rate over the five-year Constant Maturity Swap rate, subject to a maximum rate of 12% per year. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Beginning on March 19, 2026, the notes will be callable at par on any interest payment date.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable quarterly CMS spread notes
|
| Underlying rates: | 30-year Constant Maturity Swap and five-year CMS rate
|
| Amount: | $25,000,000
|
| Maturity: | March 29, 2036
|
| Coupon: | 12 times spread of 30-year CMS rate over five-year CMS rate, subject to cap of 12% per year and floor of zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning March 19, 2026
|
| Pricing date: | March 17
|
| Settlement date: | March 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.532%
|
| Cusip: | 40057FRP1
|
© 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.
