By Angela McDaniels
Tacoma, Wash., Jan. 28 - Goldman Sachs Group, Inc. priced $7 million of callable step-up fixed-rate notes due Dec. 15, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3.15% for years one through three, 4.75% for years four and five, 6% for years six and seven and 7% for year eight. Interest is payable semiannually.
The payout at maturity will be par.
Beginning July 31, the notes will be callable at par on Jan. 31, April 30, July 31 and Oct. 31 of each year.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable step-up fixed-rate notes
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Amount: | $7 million
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Maturity: | Dec. 15, 2019
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Coupon: | 3.15% for years one through three, 4.75% for years four and five, 6% for years six and seven and 7% for year eight; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on Jan. 31, April 30, July 31 and Oct. 31 of each year from July 31 onward
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 2.597%
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Cusip: | 38143UQY0
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