Goldman Sachs plans fixed-to-floating notes tied to 10-year CMS rate

By Wendy Van Sickle

Columbus, Ohio, Sept. 10 – Goldman Sachs Group, Inc. plans to price 10-year fixed-to-floating-rate notes linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature in September 2025.

Interest will be 3.45% through September 2018. After that, the interest rate will be the 10-year CMS rate. Interest will be payable quarterly.

The payout at maturity will be par.

The notes will settle in September.

Goldman Sachs & Co. is the agent.

The Cusip number is 38148TEP0.

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