By Jennifer Chiou
New York, March 16 - Goldman Sachs Group, Inc. priced $27 million of callable step-up fixed-rate notes due March 17, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 5% for the first six years, stepping up to 7% until maturity. Interest is payable semiannually.
The payout at maturity will be par.
Beginning Sept. 17, 2011, the notes will be callable at par on March 17, June 17, Sept. 17 and Dec. 17 of each year.
Goldman Sachs & Co. and Incapital LLC are the underwriters.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $27 million
|
| Maturity: | March 17, 2026
|
| Coupon: | 5% for the first six years; 7% until maturity; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on March 17, June 17, Sept. 17 and Dec. 17 of each year from Sept. 17, 2011 onward
|
| Pricing date: | March 14
|
| Settlement date: | March 17
|
| Underwriters: | Goldman Sachs & Co. and Incapital LLC
|
| Fees: | 3.749%
|
| Cusip: | 38143USJ1
|
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