Goldman Sachs to price floating-rate notes tied to 30-year CMS rate

By Sarah Lizee

Olympia, Wash., Aug. 15 – Goldman Sachs Group, Inc. plans to price floating-rate notes due August 2021, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be equal to the 30-year Constant Maturity Swap rate plus a spread of 5 basis points, subject to a minimum interest rate of 0% per year. Interest will be payable quarterly.

The payout at maturity will be par.

Goldman Sachs & Co. and Incapital LLC are the agents.

The notes are expected to price and settle in August.

The Cusip number is 38150ABB0.

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