Goldman plans five-year callable step-up notes with 2% initial rate

By Susanna Moon

Chicago, Nov. 9 - Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due November 2016, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 2% for the first year, stepping up to 3% in November 2012, to 4% in November 2013, to 5% in November 2014 and to 7% in November 2015. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par in February, May, August and November beginning in February 2012.

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

The notes will price and settle in November.

The Cusip is 38143UZU8.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.