Here's a Goldman Sachs Note that pays 12%

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  • mrmarket
    Administrator
    • Sep 2003
    • 5971

    Here's a Goldman Sachs Note that pays 12%


    Issuer: Goldman Sachs Group Inc. (A1/A)
    Structure: 15yr NC1yr Leveraged Steepener Note


    Maturity: 6/24/24
    Call: 6/24/10
    Coupon: Yr1: [11.00%-13.00%]
    Yr2-15: 6 x (10yCMS-2yrCMS), capped @ 18.00%
    Frequency: Pay & Reset Quarterly
    Settle Dt: 6/24/09 (Books close 6/17)
    Denoms: 1m x 1m
    CUSIP: 38143UDR9
    Price: $100 to end accounts
    * 10yCMS-2yCMS is currently 257bps and has averaged 111bps over the last 10yrs

    http://www.golittletigersbaseball.co..._without_b.pdf

    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$
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