Goldman plans callable 10-year step-up notes with 3% initial rate

By Jennifer Chiou

New York, Feb. 27 - Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due March 2024, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 3% for the first five years, stepping up to 4.25% in March 2019 and to 6.25% in March 2022. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable at par quarterly beginning in September 2014.

The notes (Cusip: 38147QSP2) are expected to settle in March.

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

© 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.