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Goldman plans 15-year callable quarterly notes linked to CMS rates
By Susanna Moon
Chicago, Oct. 25 - Goldman Sachs Group, Inc. plans to price 15-year callable quarterly CMS spread notes linked to the 30-year Constant Maturity Swap Rate and the five-year CMS rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 8% for the first year. After that, it will be four times the spread of the 30-year CMS rate over the five-year CMS rate, up to a maximum interest rate of 9% per year. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par plus accrued interest on any interest payment date beginning October 2013.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38141GGV0.
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