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Published on 6/20/2014 in the Prospect News Structured Products Daily.

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

By Toni Weeks

San Luis Obispo, Calif., June 20 – Goldman Sachs Group, Inc. plans to price floating-rate notes due June 2024 linked to the 30-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 0.8 times the 30-year CMS rate, subject to a minimum coupon of 2% and a maximum coupon of 10% per year. Interest will be payable quarterly.

The payout at maturity will be par.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 38147QBD7) will settle in June.


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