Published on 10/30/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $4 million callable step-up fixed-rate notes with 2% initial rate
New York, Oct. 30 – Goldman Sachs Group, Inc. priced $4 million of callable step-up fixed-rate notes due Oct. 30, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 2% from Oct. 30, 3% from April 30, 2019, 4% from Oct. 30, 2019 and 5% from April 30, 2020.
The payout at maturity will be par.
The notes will be callable at par each Jan. 30, April 30, July 30 and Oct. 30 starting Oct. 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: | $4 million
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Maturity: | Oct. 30, 2020
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Coupon: | 2% from Oct. 30; 3% from April 30, 2019; 4% from Oct. 30, 2019; 5% from April 30, 2020
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Price: | Par
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Payout at maturity: | par
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Call option: | At par each Jan. 30, April 30, July 30 and Oct. 30 starting Oct. 30, 2016
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Pricing date: | Oct. 28
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Settlement date: | Oct. 30
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Underwriters: | Goldman, Sachs & Co. and Incapital LLC
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Fees: | 1.063%
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Cusip: | 38148TGK9
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