New Issue: Goldman Sachs prices $8.6 million step-up notes with 3.25% initial rate

By Angela McDaniels

Tacoma, Wash., Dec. 16 - Goldman Sachs Group, Inc. priced $8.6 million of callable step-up fixed-rate notes due Dec. 20, 2016, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3.25% in years one and two, 4.25% in year three, 5.25% in year four and 6.5% in year five. Interest is payable semiannually.

Beginning June 20, 2012, the notes are callable at par on March 20, June 20, Sept. 20 and Dec. 20 of each year.

Goldman Sachs & Co. and Incapital LLC are the underwriters.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$8.6 million
Maturity:	Dec. 20, 2016
Coupon:	3.25% in years one and two, 4.25% in year three, 5.25% in year four and 6.5% in year five; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on March 20, June 20, Sept. 20 and Dec. 20 of each year from June 20, 2012 onward
Pricing date:	Dec. 14
Settlement date:	Dec. 20
Underwriters:	Goldman Sachs & Co. and Incapital LLC
Fees:	1.55%
Cusip:	38143UJ69

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