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Goldman plans four-year callable step-up notes with 1.3% initial rate
By Susanna Moon
Chicago, Aug. 14 – Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due August 2019, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.3% initially, stepping up to 2.25% in February 2017, to 3% in February 2018 and to 5% in February 2019. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly date beginning in February 2016.
Goldman Sachs & Co. is the agent.
The notes will settle in August.
The Cusip number is 38148TCL1.
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