Goldman Sachs to price fixed-to-floaters due 2026 on 10-year CMS rate

Chicago, Jan. 18 – Goldman Sachs Group, Inc. plans to price fixed-to-floating notes due January 2026 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 5% for the two years. After that, the rate will be equal to the 10-year CMS rate plus a spread of 25 basis points. Interest is payable quarterly and cannot be less than zero.

The payout at maturity will be par.

Goldman Sachs & Co. LLC and Incapital LLC are the agents.

The notes will price and settle in January.

The Cusip number is 38150AC52.

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