Goldman Sachs plans fixed-to-floaters due 2018 with 2.5% initial rate

By Susanna Moon

Chicago, March 1 - Goldman Sachs Group, Inc. plans to price fixed-to-floating-rate notes due March 2018, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 2.5% for the first year. After that, it will be Libor plus 75 basis points, with a minimum rate of 0.75% and up to a maximum rate of 5%. Interest will be payable quarterly.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent.

The notes will price and settle in March.

The Cusip number is 38141GPW8.

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