New Issue: Goldman prices $5 million callable step-up notes with 4% initial rate

By Marisa Wong

Madison, Wis., Nov. 21 – Goldman Sachs Group, Inc. priced $5 million of callable step-up fixed-rate notes due Nov. 21, 2034, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 4% initially and steps up to 4.25% on Nov. 21, 2024, to 4.5% on Nov. 21, 2029, to 5% on Nov. 21, 2032 and to 6% on Nov. 21, 2033. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par each Feb. 21, May 21, Aug. 21 and Nov. 21 starting Nov. 21, 2015.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$5 million
Maturity:	Nov. 21, 2034
Coupon:	4% initially, stepping up to 4.25% on Nov. 21, 2024, to 4.5% on Nov. 21, 2029, to 5% on Nov. 21, 2032 and to 6% on Nov. 21, 2033; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par each Feb. 21, May 21, Aug. 21 and Nov. 21 starting Nov. 21, 2015
Pricing date:	Nov. 18
Settlement date:	Nov. 21
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	3.395%
Cusip:	38147QM52

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