By Jennifer Chiou
New York, Oct. 4 - Fixed Income Trust for Goldman Sachs Subordinated Notes, Series 2011-1 priced $25 million of callable class A trust certificates, series 2011-1, according to an FWP filed with the Securities and Exchange Commission.
The trust was formed by Fixed Income Client Solutions LLC, the depositor and sponsor, and Bank of New York Mellon, the trustee. The assets of the trust will consist of $25 million of 6.75% subordinated notes due Oct. 1, 2037 issued by Goldman Sachs Group, Inc.
The trust certificates will have a stated amount of $25 each and were sold in minimum lots of 40.
Interest will be payable semiannually.
The certificates will be callable at any time beginning on Oct. 1, 2016.
The depositor plans to apply to list the trust certificates on the New York Stock Exchange.
U.S. Bancorp Investments, Inc. and RBC Capital Markets, LLC are the underwriters.
| Issuer: | Goldman Sachs Group, Inc. on behalf of a fixed-income trust
|
| Issue: | Callable class A trust certificates, series 2011-1
|
| Amount: | $25 million
|
| Maturity: | Oct. 1, 2037
|
| Coupon: | 6.75%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At any time beginning on Oct. 1, 2016
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 14
|
| Underwriters: | U.S. Bancorp Investments, Inc. and RBC Capital Markets, LLC
|
| Cusip: | 33834B207
|
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