Goldman plans CMS spread range accrual callables tied to S&P 500

By Susanna Moon

Chicago, May 16 – GS Finance Corp. plans to price callable CMS spread range accrual securities due May 23, 2033 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be fixed at 6.25% for the first two years. After that, it will accrue at 6.25% for each day that the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate is at least zero and the index closes at or above the 75% coupon barrier. Interest will be payable quarterly.

The notes are callable at par on any quarterly review date after two years.

The payout at maturity will be par.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on May 18.

The Cusip number is 40055AZN0.

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