New Issue: Goldman Sachs prices $13 million callable step-up fixed-rate notes with 3% initial rate

By Tali Rackner

Norfolk, Va., July 30 – Goldman Sachs Group, Inc. priced $13 million of callable step-up fixed-rate notes due July 31, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3% from July 31, 4.5% from July 31, 2020, and 6.5% from July 31, 2023.

The payout at maturity will be par.

The notes will be callable at par each Jan. 31, April 30, July 31 and Oct. 31, starting July 31, 2016.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$13 million
Maturity:	July 31, 2025
Coupon:	3% from July 31; 4.5% from July 31, 2020; 6.5% from July 31, 2023
Price:	Par of $1,000
Payout at maturity:	Par
Call option:	At par each Jan. 31, April 30, July 31 and Oct. 31, starting July 31, 2016
Pricing date:	July 28
Settlement date:	July 31
Underwriter:	Goldman, Sachs & Co.
Fees:	1.808%
Cusip:	38148TAP4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.