Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers 3 > Headlines for 30-year Constant Maturity Swap rate > News item |
Goldman Sachs plans 15-year callable quarterly CMS spread notes
By Susanna Moon
Chicago, Dec. 20 - Goldman Sachs Group, Inc. plans to price 15-year callable quarterly CMS spread-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be fixed at 9% for the first year. After that, the rate will accrue at 4 times the spread of the 30-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate minus 25 basis points, up to a maximum rate of 9% per year. Interest will be payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning July 2014.
Goldman Sachs & Co. is the underwriter.
The Cusip is 38147QAK2.
© 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.