By Susanna Moon
Chicago, June 14 - Goldman Sachs Group, Inc. priced $31 million of callable step-up fixed-rate notes due June 23, 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 June 23, 2021 and to 7% on June 23, 2023. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par quarterly after six months.
Goldman Sachs & Co. and Incapital LLC are the underwriters.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $31 million
|
| Maturity: | June 23, 2026
|
| Coupon: | 5% initially; 6% beginning June 23, 2021, 7% beginning June 23, 2023; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par quarterly beginning Dec. 23, 2011
|
| Pricing date: | June 10
|
| Settlement date: | June 23
|
| Underwriters: | Goldman Sachs & Co. and Incapital LLC
|
| Fees: | 3.478%
|
| Cusip: | 38143UVQ1
|
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