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Goldman plans callable step-up notes due 2029 with 3.25% initial rate
By Marisa Wong
Madison, Wis., March 7 - Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due March 2029, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3.25% for the first six years, stepping up to 4% in March 2019, to 4.5% in March 2022, to 5% in March 2024, to 6% in March 2026, to 7% in March 2027 and to 7.5% in March 2028. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly redemption date beginning in September.
Goldman Sachs & Co. is the underwriter.
The notes will settle in March.
The Cusip number is 38141GQD9.
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