By Angela McDaniels
Tacoma, Wash., Sept. 16 - Goldman Sachs Group, Inc. priced $5.25 million of callable step-up fixed-rate notes due Sept. 17, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 4.5% in years one through 10, 5.25% in years 11 through 13 and 7.5% in years 14 through 16. Interest is payable semiannually.
The payout at maturity will be par.
The notes are callable at par on March 17, June 17, Sept. 17 and Dec. 17 of each year.
Goldman Sachs & Co. and Incapital LLC are the underwriters.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $5.25 million
|
| Maturity: | Sept. 17, 2029
|
| Coupon: | 4.5% in years one through 10, 5.25% in years 11 through 13 and 7.5% in years 14 through 16; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on March 17, June 17, Sept. 17 and Dec. 17 of each year
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 17
|
| Underwriters: | Goldman Sachs & Co. and Incapital LLC
|
| Fees: | 2.886%
|
| Cusip: | 38147QTS5
|
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