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Published on 10/22/2010 in the Prospect News Structured Products Daily.

Goldman plans fixed to floating-rate notes due 2015 linked to Libor

By Marisa Wong

Madison, Wis., Oct. 22 - Goldman Sachs Group, Inc. plans to price five-year fixed and floating-rate notes linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly and will be fixed at 3.25% for the first year. After that, interest will accrue at Libor plus 100 basis points. The coupon is subject to cap of 7% per year in each interest period beginning Oct. 29, 2013.

The payout at maturity will be par.

The Cusip for the notes is 38143UNV9.

Goldman, Sachs & Co. is the agent.


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