New Issue: Goldman prices $1 million more fixed-to-floaters with 3% initial rate

By Marisa Wong

Madison, Wis., Sept. 15 – Goldman Sachs Group, Inc. priced an additional $1 million of fixed-to-floating-rate notes due Aug. 28, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total issue size to $8.5 million. The issuer priced $7.5 million of the notes on Aug. 26.

The initial interest rate is 3%. After Aug. 28, 2015, the interest rate will be Libor plus 140 basis points, subject to a minimum rate of 1.4% per year and a maximum rate of 5% per year. Interest is payable quarterly.

The payout at maturity will be par.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Fixed-to-floating-rate notes
Amount:	$8.5 million (increased from $7.5 million)
Maturity:	Aug. 28, 2024
Coupon:	Initially, 3%; after Aug. 28, 2015, Libor plus 140 bps, subject to minimum rate of 1.4% per year and maximum rate of 5% per year; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Aug. 26 for $7.5 million, Sept. 11 for $1 million
Settlement date:	Aug. 28 for $7.5 million, Sept. 16 for $1 million
Underwriter:	Goldman Sachs & Co.
Fees:	1.45% for original notes, 1.05% for reopened notes
Cusip:	38147QEY8

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