Goldman Sachs to price 15-year callable quarterly CMS spread notes

By Susanna Moon

Chicago, March 4 - 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.

Interest will be 9.25% for the first year. After that, the rate will be four times the spread of the 30-year Constant Maturity Swap rate over the five-year CMS rate minus 20 basis points, up to a maximum rate of 9.25% per year. 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 beginning in September.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38141GPU2.

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