New Issue: Goldman Sachs prices $3 million callable step-up fixed-rate notes with 2% initial rate

New York, June 16 – Goldman Sachs Group, Inc. priced $3 million of callable step-up fixed-rate notes due June 17, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 2% from June 17, 3% from June 17, 2018 and 4.5% from June 17, 2019.

The payout at maturity will be par.

The notes will be callable at par each March 17, June 17, Sept. 17 and Dec. 17 starting Dec. 17.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$3 million
Maturity:	June 17, 2020
Coupon:	2% from June 17; 3% from June 17, 2018; 4.5% from June 17, 2019
Price:	Par
Payout at maturity:	par
Call option:	At par each March 17, June 17, Sept. 17 and Dec. 17 starting Dec. 17
Pricing date:	June 12
Settlement date:	June 17
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	1.1%
Cusip:	38148T4S5

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