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Goldman Sachs plans callable floating-rate notes due 2019 on Libor
By Sarah Lizee
Olympia, Wash., May 21 – Goldman Sachs Group, Inc. plans to price callable floating-rate notes due May 2019, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to Libor plus a spread of 20 basis points, subject to a minimum interest rate of 0% per year. Interest will be payable quarterly.
The notes are callable in whole at par on any interest payment date beginning in November.
The payout at maturity will be par.
Goldman Sachs & Co. LLC and Incapital LLC are the agents.
The notes are expected to price and settle in May.
The Cusip number is 38150A7D1.
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