Goldman Sachs plans 20-year callable quarterly CMS spread notes

By Susanna Moon

Chicago, April 13 – GS Finance Corp. plans to price 20-year callable quarterly CMS spread-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be fixed at 9% for the first year. After that it will be 10 times the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate minus 25 basis points, up to a maximum rate of 10%. Interest will be payable quarterly and cannot be less than zero.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date after one year.

Goldman Sachs & Co. is the underwriter.

Goldman Sachs Group, Inc. is the guarantor.

The Cusip number is 40054L6F6.

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