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Goldman Sachs to price floating-rate notes linked to 30-year CMS rate
By Toni Weeks
San Luis Obispo, Calif., June 20 – Goldman Sachs Group, Inc. plans to price floating-rate notes due June 2024 linked to the 30-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 0.8 times the 30-year CMS rate, subject to a minimum coupon of 2% and a maximum coupon of 10% per year. Interest will be payable quarterly.
The payout at maturity will be par.
Goldman Sachs & Co. is the underwriter.
The notes (Cusip: 38147QBD7) will settle in June.
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