New Issue: Goldman prices $77 million callable step-up fixed-rate notes with 3% initial rate

New York, Oct. 29 - Goldman Sachs Group, Inc. priced $77 million of callable step-up fixed-rate notes due Oct. 30, 2027, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3% from Oct. 30, 4% from Oct. 30, 2017, 5% from Oct. 30, 2022, 6% from Oct. 30, 2023 and 7% from Oct. 30, 2025.

The payout at maturity will be par.

The notes will be callable at par each April 30, July 30, Oct. 30 and Jan. 30 starting April 30, 2013.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$77 million
Maturity:	Oct. 30, 2027
Coupon:	3% from Oct. 30; 4% from Oct. 30, 2017; 5% from Oct. 30, 2022; 6% from Oct. 30, 2023; 7% from Oct. 30, 2025
Price:	Par
Payout at maturity:	Par
Call option:	At par each April 30, July 30, Oct. 30 and Jan. 30 starting April 30, 2013
Pricing date:	Oct. 25
Settlement date:	Oct. 30
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	3.34%
Cusip:	38143U7Z8

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