By Wendy Van Sickle
Columbus, Ohio, May 13 – Goldman Sachs Group, Inc. priced $11 million of callable step-up fixed rate notes due May 16, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2% for the first three years, stepping up to 2.5% in May 2019, to 3% in May 2019, to 3.5% in May 2020 and to 4% in November 2020. Interest is payable semiannually.
The payout at maturity will be par.
The notes are callable at par on any quarterly redemption date after one year.
Goldman Sachs & Co. and Incapital LLC are the agents.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable step-up fixed-rate notes
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| Amount: | $11 million
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| Maturity: | May 16, 2021
|
| Coupon: | 2% for first three years, stepping up to 2.5% in May 2019, to 3% in May 2019, to 3.5% in May 2020 and to 4% in November 2020; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly redemption date after one year
|
| Pricing date: | May 11
|
| Settlement date: | May 16
|
| Agents: | Goldman Sachs & Co. and Incapital LLC
|
| Fees: | 0.884%
|
| Cusip: | 38148TMJ5
|
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