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Goldman Sachs plans fixed-to-floating notes with 2.7% initial rate
By Angela McDaniels
Tacoma, Wash., Nov. 30 - Goldman Sachs Group, Inc. plans to price fixed-to-floating notes due Dec. 6, 2015, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be fixed at 2.7% until March 6, 2012. After that time, the interest rate will be Libor plus 100 basis points. Interest will be payable quarterly.
The payout at maturity will be par.
The notes (Cusip 38143UQG9) will settle Dec. 6.
Goldman Sachs & Co. is the underwriter.
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