New Issue: Goldman Sachs prices $4 million callable step-up fixed-rate notes with 4% initial rate

New York, Nov. 7 – Goldman Sachs Group, Inc. priced $4 million of callable step-up fixed-rate notes due Oct. 30, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4% from Oct. 30, 5% from Oct. 30, 2024 and 6% from Oct. 30, 2027.

The payout at maturity will be par.

The notes will be callable at par each Jan. 30, April 30, July 30 and Oct. 30 starting Oct. 30, 2019.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$4 million
Maturity:	Oct. 30, 2028
Coupon:	4% from Oct. 30; 5% from Oct. 30, 2024; 6% from Oct. 30, 2027
Price:	Par
Payout at maturity:	Par
Call option:	At par each Jan. 30, April 30, July 30 and Oct. 30 starting Oct. 30, 2019
Pricing date:	Oct. 26
Settlement date:	Oct. 30
Underwriters:	Goldman, Sachs & Co.
Fees:	2.225%
Cusip:	38150ABN4

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