| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers 1 > Headlines for 10-year CMS rate > News item |
Goldman Sachs plans to price 8.45% notes linked to 10-year CMS rate
New York, June 8 – Goldman Sachs Group, Inc. plans to sell 8.45% notes due June 16, 2017 linked to the 10-year CMS rate, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be paid quarterly.
At maturity, the notes will pay par if the 10-year CMS rate finishes at 80% or more of its initial level.
If the 10-year CMS rate finishes below 80% of its initial level, investors will lose 1.25% for each 1% that the rate declines beyond 20%.
The notes will price on June 9 and settle on June 16.
Goldman, Sachs & Co. is the underwriter.
The Cusip number is 38148TN62.
© 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.