New Issue: Goldman Sachs prices $3 million callable step-up fixed-rate notes with 2.25% initial rate

New York, Dec. 16 – Goldman Sachs Group, Inc. priced $3 million of callable step-up fixed-rate notes due June 19, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 2.25% from Dec. 19, 3.25% from Dec. 19, 2017, 4.25% from Dec. 19, 2019, 5.25% from Dec. 19, 2020 and 6.25% from Dec. 19, 2021.

The payout at maturity will be par.

The notes will be callable at par each March 19, June 19, Sept. 19 and Dec. 19 starting June 19, 2015.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$3 million
Maturity:	June 19, 2022
Coupon:	2.25% from Dec. 19; 3.25% from Dec. 19, 2017; 4.25% from Dec. 19, 2019; 5.25% from Dec. 19, 2020; 6.25% from Dec. 19, 2021
Price:	Par
Payout at maturity:	par
Call option:	At par each March 19, June 19, Sept. 19 and Dec. 19 starting June 19, 2015
Pricing date:	Dec. 12
Settlement date:	Dec. 19
Underwriters:	Goldman, Sachs & Co.
Fees:	1.767%
Cusip:	38147QPQ3

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