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Goldman Sachs plans three-tranche note sale with survivor's option
By Andrea Heisinger
New York, Feb. 13 - Goldman Sachs Group, Inc. announced plans for a three-tranche sale of medium-term notes, series D, in a 424B2 filing with the Securities and Exchange Commission on Monday.
The deal includes 3.5% notes due 2017, 5% notes due 2026 and 5.35% notes due in 2032.
The paper is non-callable. There is a survivor's option where the notes can be redeemed prior to maturity upon the death of the beneficial owner who has owned the notes for at least six months. There's a cap of $250,000 on this option.
The deal will be traded on Feb. 21 with an issue date of Feb. 24, according to the filing.
Goldman Sachs & Co. and InCapital LLC are running the books.
The financial services company is based in New York City.
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