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Goldman Sachs to price callable step-up notes with 2% initial rate
By Marisa Wong
Madison, Wis., April 17 – Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due April 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 2% initially, stepping up to 3% in October 2018. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning in October 2015.
Goldman Sachs & Co. and Incapital LLC are the agents.
The notes are expected to price and settle in April.
The Cusip number is 38147QZH2.
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