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GS Finance plans to price quarterly CMS spread notes due 2023
By Angela McDaniels
Tacoma, Wash., Sept. 13 – GS Finance Corp. plans to price quarterly CMS spread-linked notes due September 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2.5 times the spread of the 10-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate, subject to a maximum interest rate of 6% per year and a minimum interest rate of zero. Interest will be payable quarterly.
The payout at maturity will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price and settle in September.
The Cusip number is 40056XCT1.
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