Published on 2/2/2022 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $17.99 million callable step-up fixed-rate notes with 1.75% initial rate
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – Goldman Sachs Group, Inc. priced $17.99 million of callable step-up fixed-rate notes due Jan. 31, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.75% initially, stepping up to 2% on July 31, 2023 and to 2.75% on July 31, 2024. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning Jan. 31, 2023.
Goldman Sachs & Co. LLC and InspereX LLC are the agents.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable step-up fixed-rate notes
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Amount: | $17,985,000
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Maturity: | Jan. 31, 2025
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Coupon: | 1.75% initially, stepping up to 2% on July 31, 2023 and to 2.75% on July 31, 2024; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par quarterly beginning Jan. 31, 2023
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Pricing date: | Jan. 27
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Settlement date: | Jan. 31
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Agents: | Goldman Sachs & Co. LLC and InspereX LLC
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Fees: | 0.485%
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Cusip: | 38150AK79
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