By Angela McDaniels
Tacoma, Wash., May 13 – Goldman Sachs Group, Inc. priced $12 million of callable step-up fixed-rate notes due May 16, 2036, according to a 424B2 filing with the Securities and Exchange Commission.
The issuer priced $9 million of the notes on May 11 and $3 million more on May 13.
The interest rate is 3.5% in years one through five, 4% in years six through 11, 4.25% in years 12 through 14, 4.5% in years 15 through 17, 5% in year 18, 6% in year 19 and 8% in year 20. Interest is payable semiannually.
The payout at maturity will be par.
Beginning May 16, 2017, the notes will be callable at par on any quarterly redemption date.
Goldman Sachs & Co. and Incapital LLC are the underwriters.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $12 million
|
| Maturity: | May 16, 2035
|
| Coupon: | 3.5% in years one through five, 4% in years six through 11, 4.25% in years 12 through 14, 4.5% in years 15 through 17, 5% in year 18, 6% in year 19 and 8% in year 20; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Beginning May 16, 2017, notes will be callable at par on any quarterly redemption date
|
| Pricing date: | May 11 for $9 million and May 13 for $3 million
|
| Settlement date: | May 16
|
| Underwriters: | Goldman Sachs & Co. and Incapital LLC
|
| Fees: | 2.857% for $9 million and 2.725% for $3 million
|
| Cusip: | 38148TMH9
|
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