New Issue: Goldman sells $20.43 million callable step-up notes with 4% start rate

By Marisa Wong

Morgantown, W.Va., Dec. 11 – Goldman Sachs Group, Inc. priced $20.43 million of callable step-up fixed-rate notes due Nov. 30, 2037, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4% initially, stepping up to 4.1% on Nov. 30, 2027 and to 4.2% on Nov. 30, 2032. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par quarterly starting Nov. 30, 2018.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$20.43 million
Maturity:	Nov. 30, 2037
Coupon:	4% initially, stepping up to 4.1% on Nov. 30, 2027 and to 4.2% on Nov. 30, 2032; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par quarterly starting Nov. 30, 2018
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	1.777%
Cusip:	38150A5E1

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