New Issue: Goldman Sachs prices $2.63 million floaters linked to 10-year CMS rate

By Angela McDaniels

Tacoma, Wash., April 24 - Goldman Sachs Group, Inc. priced $2.63 million of floating-rate notes due April 29, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 0.83 times the 10-year Constant Maturity Swap rate, subject to a minimum rate of 2% per year. Interest is payable semiannually.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Floating-rate notes
Underlying rate:	10-year Constant Maturity Swap rate
Amount:	$2,625,000
Maturity:	April 29, 2024
Coupon:	0.83 times 10-year CMS rate, subject to floor of 2% per year; payable semiannually
Price:	Par
Payout at maturity:	Par
Pricing date:	April 22
Settlement date:	April 29
Underwriter:	Goldman Sachs & Co.
Fees:	1.42%
Cusip:	38147Q2K1

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