Goldman Sachs plans 10-year floaters linked to 10-year CMS rate

By Marisa Wong

Madison, Wis., Feb. 24 - Goldman Sachs Group, Inc. plans to price floating-rate notes due March 2024, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 0.8 times the 10-year Constant Maturity Swap rate, subject to a minimum rate of 2%. 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 38147QRP3.

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