New Issue: Goldman Sachs prices $20 million callable step-up fixed-rate notes with 3% initial rate

New York, April 26 - Goldman Sachs Group, Inc. priced $20 million of callable step-up fixed-rate notes due April 29, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3% from April 29, 3.5% from April 29, 2018, 4.25% from April 29, 2021, 5.25% from April 29, 2023, 6.25% from April 29, 2025 and 7.5% from April 29, 2027.

The payout at maturity will be par.

The notes will be callable at par each July 29, Oct. 29, Jan. 29 and April 29 starting Oct. 29.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$20 million
Maturity:	April 29, 2028
Coupon:	3% from April 29; 3.5% from April 29, 2018; 4.25% from April 29, 2021; 5.25% from April 29, 2023; 6.25% from April 29, 2025; 7.5% from April 29, 2027
Price:	Par
Payout at maturity:	par
Call option:	At par each July 29, Oct. 29, Jan. 29 and April 29 starting Oct. 29
Pricing date:	April 24
Settlement date:	April 29
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	2.695%
Cusip:	38141GSN5

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