New Issue: Goldman Sachs prices $30.12 million step-up notes with 5% initial rate

By Angela McDaniels

Tacoma, Wash., Sept. 6 - Goldman Sachs Group, Inc. priced $30.12 million of callable step-up fixed-rate notes due Sept. 9, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 5% in years one through six, 6% in years seven through nine and 7% in years 10 through 12. Interest is payable semiannually.

The payout at maturity will be par.

Beginning March 9, 2012, the notes will be callable at par on March 9, June 9, Sept. 9 and Dec. 9 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:	$30,121,000
Maturity:	Sept. 9, 2023
Coupon:	5% in years one through six, 6% in years seven through nine and 7% in years 10 through 12; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on March 9, June 9, Sept. 9 and Dec. 9 of each year from March 9, 2012 onward
Pricing date:	Sept. 1
Settlement date:	Sept. 9
Underwriters:	Goldman Sachs & Co. and Incapital LLC
Fees:	2.909%
Cusip:	38143UC33

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