Published on 6/29/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $8 million callable step-up fixed-rate notes with 4% initial rate
New York, June 29 – Goldman Sachs Group, Inc. priced $8 million of callable step-up fixed-rate notes due June 30, 2035, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 4% from June 30, 4.25% from June 30, 2020, 4.75% from June 30, 2025 and 5.25% from June 30, 2030.
The payout at maturity will be par.
The notes will be callable at par each March 30, June 30, Sept. 30 and Dec. 30 starting June 30, 2016.
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: | $8 million
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Maturity: | June 30, 2035
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Coupon: | 4% from June 30; 4.25% from June 30, 2020; 4.75% from June 30, 2025; 5.25% from June 30, 2030
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Price: | Par
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Payout at maturity: | par
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Call option: | At par each March 30, June 30, Sept. 30 and Dec. 30 starting June 30, 2016
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Pricing date: | June 25
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Settlement date: | June 30
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Underwriters: | Goldman, Sachs & Co. and Incapital LLC
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Fees: | 3.5312%
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Cusip: | 38148T5Q8
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