Published on 7/30/2014 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $9.35 million callable step-up fixed-rate notes with 4% initial rate
New York, July 30 – Goldman Sachs Group, Inc. priced $9.35 million of callable step-up fixed-rate notes due July 30, 2034, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 4% from July 30, 4.25% from July 30, 2022, 5% from July 30, 2027, 6% from July 30, 2032 and 8% from July 30, 2033.
The payout at maturity will be par.
The notes will be callable at par each Jan. 30, April 30, July 30 and Oct. 30 starting Jan. 30, 2015.
Goldman, Sachs & Co. and Incapital LLC are the underwriters.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable step-up fixed-rate notes
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Amount: | $9.35 million
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Maturity: | July 30, 2034
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Coupon: | 4% from July 30; 4.25% from July 30, 2022; 5% from July 30, 2027; 6% from July 30, 2032; 8% from July 30, 2033
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par each Jan. 30, April 30, July 30 and Oct. 30 starting Jan. 30, 2015
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Pricing date: | July 28
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Settlement date: | July 30
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Underwriters: | Goldman, Sachs & Co. and Incapital LLC
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Fees: | 2.868%
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Cusip: | 38147QDC7
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