New Issue: Goldman prices $45 million callable step-up notes with 3% initial rate

By Jennifer Chiou

New York, Aug. 21 - Goldman Sachs Group, Inc. priced $45 million of callable step-up fixed-rate notes due Aug. 22, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3% initially, stepping up to 4% on Feb. 22, 2016, to 6% on Aug. 22, 2018 and to 7% on Aug. 22, 2019. Interest is payable monthly.

The payout at maturity will be par.

The notes will be callable at par on any quarterly redemption date beginning on Feb. 22, 2013.

Goldman Sachs & Co. and Incapital LLC are the underwriters.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$45 million
Maturity:	Aug. 22, 2020
Coupon:	3% initially, stepping up to 4% on Feb. 22, 2016, to 6% on Aug. 22, 2018 and to 7% on Aug. 22, 2019; payable monthly
Price:	Par
Payout at maturity:	Par
Call option:	At par on any quarterly redemption date beginning on Feb. 22, 2013
Pricing date:	Aug. 17
Settlement date:	Aug. 22
Underwriters:	Goldman Sachs & Co. and Incapital LLC
Fees:	1.97%
Cusip:	38143U6G1

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