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

New York, June 16 – Goldman Sachs Group, Inc. priced $3 million of callable step-up fixed-rate notes due June 16, 2026, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 2.25% from June 16, 3% from June 16, 2019, 3.625% from June 16, 2021, 5% from June 16, 2023 and 6.5% from June 16, 2025.

The payout at maturity will be par.

The notes will be callable at par each March 16, June 16, Sept. 16 and Dec. 16 starting June 16, 2018.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$3 million
Maturity:	June 16, 2026
Coupon:	2.25% from June 16; 3% from June 16, 2019; 3.625% from June 16, 2021; 5% from June 16, 2023; 6.5% from June 16, 2025
Price:	Par
Payout at maturity:	par
Call option:	At par each March 16, June 16, Sept. 16 and Dec. 16 starting June 16, 2018
Pricing date:	June 14
Settlement date:	June 16
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	1.98%
Cusip:	38148TN39

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.