Goldman Sachs to price 10-year callable quarterly CMS spread notes

By Jennifer Chiou

New York, Nov. 7 - Goldman Sachs Group, Inc. plans to price 10-year callable quarterly CMS spread-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 8% for the first year. After that, the rate will be 4 times the spread of the 30-year Constant Maturity Swap rate over the five-year CMS rate minus 20 bps, subject to a minimum of zero and a maximum rate of 9% per year. Interest will be payable quarterly.

The payout at maturity will be par.

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

The Cusip is 38147QQ25.

Goldman Sachs & Co. is the underwriter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.