Published on 5/6/2011 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $4 million notes linked to 10-year swap rate
By Marisa Wong
Madison, Wis., May 6 - Goldman Sachs Group, Inc. priced $4 million of 0% swap rate-linked notes due May 11, 2016 tied to the 10-year U.S. dollar interest rate swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 10.5 times the amount, if any, by which the swap rate exceeds 4% on May 4, 2016, subject to a maximum return of 42%. Investors will receive at least par.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Swap rate-linked notes
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Amount: | $4 million
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Maturity: | May 11, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 10.5 times the amount, if any, by which the 10-year U.S. dollar interest rate swap rate exceeds 4% on May 4, 2016, up to a maximum return of 42%; floor of par
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Pricing date: | May 4
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Settlement date: | May 11
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.6%
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Cusip: | 38143UUF6
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