New Issue: Goldman Sachs sells $1.39 million step-up notes with 2.75% start rate

By Sarah Lizee

Olympia, Wash., June 19 – Goldman Sachs Group, Inc. priced $1.39 million of callable step-up fixed-rate notes due June 19, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2.75% initially, stepping up to 3% on June 19, 2019, to 4% on Dec. 19, 2019 and to 5% on March 19, 2020. Interest will be payable quarterly.

The payout at maturity will be par.

The notes will be callable in whole at par quarterly beginning Dec. 19.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$1.39 million
Maturity:	June 19, 2020
Coupon:	2.75% initially, stepping up to 3% on June 19, 2019, to 4% on Dec. 19, 2019 and to 5% on March 19, 2020; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	In whole at par quarterly beginning Dec. 19
Pricing date:	June 15
Settlement date:	June 19
Underwriters:	Goldman Sachs & Co. and Incapital LLC
Fees:	0.573%
Cusip:	38150A7K5

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