By Jennifer Chiou
New York, May 26 - Goldman Sachs Group, Inc. priced $58.5 million of callable step-up fixed-rate notes due May 27, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 5% for the first 10 years. It will step up to 6% on May 27, 2021 and to 7% on May 27, 2024. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning on Nov. 27, 2011.
Goldman Sachs & Co. and Incapital LLC are the underwriters.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $58.5 million
|
| Maturity: | May 27, 2026
|
| Coupon: | 5% initially, stepping up to 6% beginning May 27, 2021 and to 7% beginning on May 27, 2024; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par quarterly beginning on Nov. 27, 2011
|
| Pricing date: | May 24
|
| Settlement date: | May 27
|
| Underwriters: | Goldman Sachs & Co. and Incapital LLC
|
| Fees: | 3.203%
|
| Cusip: | 38143UUS8
|
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