New Issue: Goldman Sachs prices $70 million 15-year callable step-up notes

By E. Janene Geiss

Philadelphia, Oct. 28 - Goldman Sachs Group, Inc. priced $70 million of 15-year callable step-up fixed-rate notes at par, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will equal 4.25% for the first six years, 5% for years seven through 11 and 7% for years 12 through 15. 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:	$70 million
Maturity:	Oct. 29, 2025
Agents:	Goldman, Sachs & Co. and Incapital LLC
Coupon:	4.25% for the first six years, 5% for years seven through 10 and 7% for years 12 through 15
Price:	Par
Yield:	4.25% for the first six years, 5% for years seven through 10 and 7% for years 12 through 15
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:	3.353%
Cusip:	38143UNR8

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