Goldman plans five-year fixed-to-floaters with 2.85% initial rate

By Marisa Wong

Madison, Wis., Aug. 15 - Goldman Sachs Group, Inc. plans to price fixed-to-floating notes due August 2016, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2.85% for the first two years. After that, the rate will be Libor plus 200 basis points, up to a cap of 7% beginning August 2014. Interest is payable quarterly.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent.

The notes will settle in August.

The Cusip is 38143UA35.

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