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 to price callable quarterly CMS spread-linked notes
By Jennifer Chiou
New York, April 22 - 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.
The interest rate will be (a) four times (b) the spread of the 30-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate minus 25 bps, subject to a maximum rate of 10% per year. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
Beginning in October 2014, the notes will be callable at par on any interest payment date.
The Cusip is 38147Q3Y0.
Goldman Sachs & Co. is the underwriter.
© 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.