GS Finance plans callable quarterly CMS spread notes due 2030

By Sarah Lizee

Olympia, Wash., Oct. 8 – GS Finance Corp. plans to price callable quarterly CMS spread-linked notes due October 2030, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be fixed at 7.25% for the first year. After that it will be 20 times the spread of the 30-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate, up to a maximum rate of 20%. 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.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The notes will price in October.

The Cusip number is 40056E4Q8.

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