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Goldman Sachs plans callable step-up notes with 3.5% initial rate
By Toni Weeks
San Diego, July 29 - Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due February 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3.5% for the first four years, 4% in year five, 5% in year six and 7% until maturity. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par during February, May, August and November after six months.
The notes (Cusip: 38143UXE6) will settle in August.
Goldman Sachs & Co. and Incapital LLC are the underwriters.
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