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Goldman plans 10-year CMS spread range accrual callable notes
By Susanna Moon
Chicago, May 17 – GS Finance Corp. plans to price callable CMS spread range accrual securities due May 25, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 6% for each day that the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate is at least zero, payable quarterly.
The notes are callable at par on any quarterly review date after one year.
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 on May 22.
The Cusip number is 40055AZH3.
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