Goldman Sachs to price callable quarterly CMS spread-linked notes

By Toni Weeks

San Luis Obispo, Calif., April 3 - Goldman Sachs Group, Inc. plans to price 15-year callable quarterly CMS spread-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be (a) five times (b) the spread of the 30-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate, subject to a maximum rate of 7% per year for the first five years, 8% for the next five years and 9% for the final five years. Interest is payable quarterly and cannot be less than zero.

The payout at maturity will be par.

Beginning in October 2014, the notes will be callable at par on any interest payment date.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38147Q2Z8.

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