New Issue: Goldman prices $4 million callable step-up notes with 2.25% initial rate

New York, July 28 – Goldman Sachs Group, Inc. priced $4 million of callable step-up fixed-rate notes due July 31, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 2.25% initially, stepping up to 3% on July 31, 2020 and to 4% on July 31, 2021.

The payout at maturity will be par.

The notes will be callable at par each Jan. 31, April 30, July 31 and Oct. 31 starting July 31, 2018.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$4 million
Maturity:	July 31, 2022
Coupon:	2.25% initially, stepping up to 3% on July 31, 2020 and to 4% on July 31, 2021
Price:	Par
Payout at maturity:	Par
Call option:	At par each Jan. 31, April 30, July 31 and Oct. 31 starting July 31, 2018
Pricing date:	July 27
Settlement date:	July 31
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	1%
Cusip:	38150A3T0

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