Goldman Sachs to price callable step-up notes with 2.625% initial rate

By Marisa Wong

Madison, Wis., March 17 – Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due March 2025, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 2.625% initially, stepping up to 3.5% in March 2019 and to 5% in March 2022. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par quarterly beginning in March 2016.

Goldman Sachs & Co. is the agent.

The notes are expected to settle in March.

The Cusip number is 38147QX92.

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