By Jennifer Chiou
New York, Sept. 20 - Goldman Sachs Group, Inc. priced $14 million of floating-rate notes due Sept. 26, 2013 linked to the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be Libor minus 32 basis points, payable and reset quarterly beginning on Dec. 27, 2012.
The notes will be automatically called in whole if the closing level of the index is at or below 88% of the initial level on any trading day prior to an early redemption or the scheduled determination date.
The payout at maturity will be par plus three times the index return, less an annualized final fee of 0.69%. Investors may lose some or all of their investment.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
|
| Underlying index: | S&P GSCI Excess Return
|
| Amount: | $14 million
|
| Maturity: | Sept. 26, 2013
|
| Coupon: | Libor minus 32 basis points, payable and reset quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus three times the index return, less an annualized final fee of 0.69%
|
| Call: | In whole if closing level of the index is at or below 88% of the initial level
|
| Initial level: | 493.5452
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 25
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 38143U7G0
|
© 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.
