Goldman Sachs plans five-year fixed-to-floating notes with 6.5% cap

By Susanna Moon

Chicago, March 14 - Goldman Sachs Group, Inc. plans to price fixed-to-floating notes due March 23, 2016, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3% for the first year. After that, the rate will be the Libor plus 100 basis points. After March 23, 2013, the rate will be capped at 6.5%. Interest is payable quarterly and cannot be less than zero.

The payout at maturity will be par.

The notes are not callable.

Goldman Sachs & Co. is the underwriter.

The notes will settle on March 23.

The Cusip is 38143USV4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.