Goldman Sachs plans 12-year fixed-, floating-rate notes on 10-year CMS

By Marisa Wong

Madison, Wis., Nov. 2 - Goldman Sachs Group, Inc. plans to price 12-year fixed and floating swap rate-linked notes linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly and will be fixed at 3.5% per year through May 2013. After that interest will equal the 10-year CMS rate, subject to a cap of 12% per year.

The payout at maturity will be par.

The notes (Cusip: 38143UPL9) will price and settle in November.

Goldman, Sachs & Co. is the underwriter.

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