Goldman plans three-year callable step-up notes with 2% initial rate

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due February 2020, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 2% initially, stepping up to 2.75% in February 2019 and to 3.25% in August 2019. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable each February, May, August and November.

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

The notes will price in February.

The Cusip number is 38150A2D6.

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