New Issue: Goldman Sachs prices $2 million floating-rate notes linked to 30-year CMS rate

By Toni Weeks

San Luis Obispo, Calif., July 1 – Goldman Sachs Group, Inc. priced $2 million of floating-rate notes due June 30, 2024, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 80% of the 30-year Constant Maturity Swap rate, subject to a minimum interest rate of 2% and a maximum rate of 10%. Interest is payable quarterly.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Floating-rate notes
Amount:	$2 million
Maturity:	June 30, 2024
Coupon:	30-year CMS rate times 80%, floor of 2%, cap of 10%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	June 26
Settlement date:	June 30
Agent:	Goldman Sachs & Co.
Fees:	1.7%
Cusip:	38147QBD7

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