New Issue: Goldman prices $23.31 million callable step-up fixed-rate notes with 2% initial rate

By Wendy Van Sickle

Columbus, Ohio, March 27 – Goldman Sachs Group, Inc. priced $23.31 million of callable step-up fixed-rate notes due Jan. 23, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 2% initially, stepping up to 2.25% on Sept. 25, 2023 and to 2.75% on Sept. 25, 2024. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par quarterly beginning March 25, 2021.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$23,307,000
Maturity:	Jan. 23, 2025
Coupon:	2% initially, stepping up to 2.25% on Sept. 25, 2023 and to 2.75% on Sept. 25, 2024; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par quarterly beginning March 25, 2021
Pricing date:	March 23
Settlement date:	March 25
Underwriters:	Goldman Sachs & Co. LLC and Incapital LLC
Fees:	1.19%
Cusip:	38150AE27

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