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Goldman Sachs plans to price 10-year floating-rate notes linked to CPI
By Marisa Wong
Madison, Wis., Nov. 3 – Goldman Sachs Group, Inc. plans to price floating-rate notes due November 2024 linked to the Non-Seasonally Adjusted U.S. City Average All Items Consumer Price Index for All Urban Consumers, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be equal to the year-over-year change in the Consumer Price Index plus 105 basis points. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Goldman Sachs & Co. is the underwriter.
The notes will settle in November.
The Cusip number is 38147QLY0.
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