New Issue: Goldman Sachs prices $68 million eight-year callable step-up notes

By E. Janene Geiss

Philadelphia, Oct. 28 - Goldman Sachs Group, Inc. priced $68 million of callable step-up fixed-rate notes due Oct. 29, 2018 at par, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will equal 3% for the first five years, 4% for the sixth year, 7% for the seventh year and 10% for the eighth year. Interest is payable semiannually.

The notes are callable in whole at par on any interest payment date beginning Oct. 29, 2011.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$68 million
Maturity:	Oct. 29, 2018
Coupon:	3% for the first five years, 4% for the sixth year, 7% for the seventh year and 10% for the eighth year
Price:	Par
Yield:	3% for the first five years, 4% for the sixth year, 7% for the seventh year and 10% for the eighth year
Call option:	At par on any interest payment date beginning Oct. 29, 2011
Pricing date:	Oct. 27
Settlement date:	Oct. 29
Agents:	Goldman Sachs & Co. and Incapital LLC
Fees:	2.489%
Cusip:	38143UNS6

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