Goldman Sachs to price 10-year leveraged 30-year CMS-linked notes

By Toni Weeks

San Luis Obispo, Calif., May 20 - Goldman Sachs Group, Inc. plans to price leveraged 30-year CMS-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 10 years after issue.

Interest will accrue at 3% for the first three months. For any interest period after that, the coupon will be equal to 9.5 multiplied by the absolute value of the difference between the 30-year Constant Maturity Swap Rate on the interest determination date and the 30-year CMS rate on the prior interest period's interest determination date. Interest is payable quarterly.

The payout at maturity will be par plus accrued interest, if any.

The Cusip number is 38141GSH8.

Goldman Sachs & Co. is the agent.

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