Goldman plans callable step-up notes due 2020 with 3% initial rate

By Jennifer Chiou

New York, Sept. 5 - Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due September 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3% initially, stepping up to 4% in September 2016, to 6% in September 2018 and to 7% in September 2019. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any monthly call date beginning in March 2013.

The notes (Cusip: 38143U6Y2) are expected to settle in September.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.