Goldman plans callable step-up notes due 2019 with 2.5% initial rate

By Susanna Moon

Chicago, July 26 - 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 will be 2.5% initially, stepping up to 3.5% in February 2015, to 4% in February 2016, to 5% in February 2017, to 6% in August 2017, to 7% in February 2018 and to 8.25% in August 2018. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any quarterly call date beginning in February 2013.

Goldman, Sachs & Co. and Incapital LLC are the agents.

The notes will settle in August.

The Cusip number is 38143U5F4.

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